KeyNexus

Victoria, Canada Founded: 2012 • Age: 14 yrs Acquired By StorMagic
Cloud-based encryption key management solution for cloud apps
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About KeyNexus

KeyNexus is a company based in Victoria (Canada) founded in 2012 was acquired by StorMagic in April 2020.. KeyNexus has raised $6.3 million across 2 funding rounds from investors including StorMagic, Secure Octane Investments and Tandem Capital. KeyNexus operates in a competitive market with competitors including Utimaco, Securosys, Crypto4A, Cryptomathic and Kryptus, among others.

  • Headquarter Victoria, Canada
  • Sectors
    Technology
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Keynexus Inc.
Operational Areas
Technology → Cybersecurity & Privacy Solutions
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Total Equity Funding
    $6.3 M (USD)

    in 2 rounds

  • Latest Funding Round
    $3.15 M (USD), Series A

    Oct 14, 2016

  • Investors
    StorMagic

    & 2 more

  • Employee Count
    Employee Count
  • Acquired by
    StorMagic

    (Apr 07, 2020)

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Funding Insights of KeyNexus

KeyNexus has successfully raised a total of $6.3M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $3.15 million completed in October 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

  • Total Funding
  • Total Rounds 2
  • Last Round Series A — $3.1M
  • First Round

    (29 Aug 2016)

  • Investors Count 2
Date Amount Transaction Name Valuation Lead Investors Investors
Oct, 2016 Amount Series A - KeyNexus Valuation Secure Octane Investments , Tandem Capital
Aug, 2016 Amount Seed - KeyNexus Valuation

investors

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in KeyNexus

KeyNexus has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include StorMagic, Secure Octane Investments and Tandem Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.

All
Venture Fund
Investor Description Founded Year Domain Location
Seed-stage venture capital is invested in US tech companies.
Founded Year Domain Location
Tandem Capital is engaged in seed funding for disruptive startups.
Founded Year Domain Location
Cloud-based virtual SAN management software is provided for server deployments.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by KeyNexus

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - KeyNexus

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Keynexus Comparisons

Employees
+
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Competitors of KeyNexus

KeyNexus operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Utimaco, Securosys, Crypto4A, Cryptomathic and Kryptus, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.

Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Data security is ensured via encryption and centralized management solutions.
domain founded_year HQ Location
Hardware security modules are provided for encryption and authentication needs.
domain founded_year HQ Location
Trusted hardware platform for cryptography and key management is provided.
domain founded_year HQ Location
Security software for cryptography, EMV, PKI, and authentication is provided.
domain founded_year HQ Location
Data security solutions are delivered via software and hardware.
domain founded_year HQ Location
Offers hardware and software security solutions for data protection and encryption services.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Keynexus

Frequently Asked Questions about KeyNexus

When was KeyNexus founded?

KeyNexus was founded in 2012 and raised its 1st funding round 4 years after it was founded.

Where is KeyNexus located?

KeyNexus is headquartered in Victoria, Canada. It is registered at Victoria, British Columbia, Canada.

Is KeyNexus a funded company?

KeyNexus is a funded company, having raised a total of $6.3M across 2 funding rounds to date. The company's 1st funding round was a Seed of $3.15M, raised on Aug 29, 2016.

What does KeyNexus do?

KeyNexus, a part of Dark Matter Labs, is a cloud-based encryption-key storage and provisioning service built for developers of Cloud-based, Enterprise, SaaS or Mobile applications. KeyNexus allows businesses to employ encryption in their cloud or enterprise environments while maintaining secure, offsite storage of their encryption keys, effectively separating the lock from the key.

Who are the top competitors of KeyNexus?

KeyNexus's top competitors include Utimaco, Cryptomathic and Crypto4A.

Who are KeyNexus's investors?

KeyNexus has 3 investors. Key investors include StorMagic, Secure Octane Investments, and Tandem Capital.

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