Click here to close now.


Cloud Security Authors: Elizabeth White, Pat Romanski, Jim Scott, Liz McMillan, Kevin Jackson

Related Topics: Cloud Security, Java IoT, Microservices Expo, Linux Containers

Cloud Security: Article

Rivetz Leverages Intel, ARM Tech to Deliver Malware Protection

Interview with Steven Sprague, CEO of Rivetz

Rivetz Corp. has been named as one of the AlwaysOn Global 100 Companies to Watch, congratulations! Please tell us, what is Rivetz all about and what do you do?

Steven Sprague: Rivetz is leveraging the trusted execution technologies in new devices powered by Intel and ARM to protect the Crypto Currency Private Keys and Transaction from Malware.  We are building security services for all of the wallet providers to protect the user's secret key, securely display the transaction amounts and trusted Input to assure the users Pin number cannot be stolen. Rivetz is also helping the user to leverage their collection of devices to work together help the user manage their access to the exciting world of Bitcoin providing convenience, backup and protection that comes from having more than one device.

Who is your target audience and how do you intend to reach them?

Sprague: We are building solutions for the users of Bitcoin and other crypto currencies. Providing the benefit of hardware protection of bitcoin on the devices they choose to use. We are using tools from Trustonic and Intel to provide the solutions.

I'd be curious to hear any general thoughts you have on market trends...

Sprague: Crypto Currency provides an incredible opportunity for the modernization of E-commerce. After 20 years of typing in Credit card number and CCV codes and worrying about fraud bitcoin and trusted execution provide an opportunity to revolutionize how we shop online world wide. Bitcoin will provide global access to commerce and trusted execution provide the state of the art security we have been expecting for years.

Why are you targeting the Bitcoin market?

Sprague: Bitcoin is revolutionizing financial services. The potential to change how we all think about commerce on the Internet. In addition to currency, the block chain represents one of the most exciting evolutions of the internet in years. We are adding the ability for the internet to store a fact. This capability will affect every corner of the internet from Currency and E-commerce to Property, and licensing to Identity and Privacy. It is one of the most interesting technologies to come along in years.

What's the business model?

Sprague: We will offer user the opportunity to upgrade the android phone or Intel pc and tablets to leverage the security in their device to protect their bitcoin wallet. There will be a small fee charged to enable these features and will be available as an in Wallet upgrade.  We will also offer the user the opportunity to manage their collection of devices for a small annual fee. Finally we see the opportunity to bind other services the user wishes to register with their collection of devices and believe we can help to retail these service relationships to the customer.

Who are your competitors? What is your differentiator?

Sprague: We compete with two core groups. The first is the protection of your bitcoin through complex process the user is trained to follow. The second is a collection of external hardware devices that provide similar service to Rivetz but are external to your phone or PC. We believe the built-in solution is the customer's preference.

What other market segments will benefit from your technology?

Sprague: Rivetz is focused on building security support for more than just Bitcoin. Services like access to global WIFI or secure messaging that would benefit from the storage and protection of access and encryption keys on my collection of devices can provide tremendous benefit. We look to provide the user with access to a selection of services that will benefit from a higher quality user relationship.

Will mobile device security become a major issue in the future?

Sprague: It is today. The recent compromise in Europe of the device as a second factor is a great example. I would just add that we see no distinction on the size or shape of your device. All devices should be able to provide their user/ Owner with access to the services they desire without having to bother the user to remember complex passwords in their head. By registering ‘My devices' with ‘My services' we can help the user have a simpler and safer relationship with the world.

What other business or technology could yours disrupt?

Sprague: The combination of the blockchain as a registration authority and the trusted execution environment as the secure device representation can offer a new style of service relationship for all cloud services. Trusted display for secure private communications, secure input to assure integrity of user provided data and protection from cloning of user secret keys will have a significant impact on the value of a subscriber.

Who founded the company, when? What can you tell me about the story of the company's founding?

Sprague: My brother and I founded Rivetz in March. After years as the CEO of Wave Systems Corp. an enterprise security software company, I saw a huge opportunity to exercise trusted computing technologies in the consumer market. While exploring the foundations for a new business model and plan I was introduce to Bitcoin in January. The light bulb went off to build a company to Integrate the modern market of Crypto currencies and Bitcoin with the client protections that can be enabled by trusted execution technologies and Rivetz was born.

What is your distribution model? Where to buy your product?

Sprague: We will offer the solution directly for users to download and install. We will also partner with the wallet and device providers to offer the solution for the end user to have a great out of the box experience.

What's next on your product roadmap?

Sprague: We have the tools to build the solution in house and hope to show demonstrations of the capabilities by the end of the summer with an SDK for third parties to leverage the Rivetz tools in the fall.

Are you targeting a first VC round? If yes when and what will you use the funds for? How much money is being sought?

Sprague: We are actively closing our seed round to fund the Demonstration and SDK and set the stage for a series A. We will use our seed round funds to build out the team and show the capabilities, wallet partners and OEM partners to take the solution to market at Scale. We are actively raising up to 1.5 million in our seed round.

What else would you like to add?

Sprague: ever since the first E-commerce transaction we have been waiting for a safer and easier model to shop and do financial services online. We are watching the decay of those systems and the level of fraud is growing daily. Rivetz and bitcoin provide a fresh approach to solving the global challenge and bringing a new age of device level commerce to the world from mobile payments in Africa to buying gold in America. Years and billions of dollars has been invested to build the foundations of this business but the exposure of the device security technology has been a challenge. Bitcoin offers the once in a career opportunity to enable tis transition.

Rivetz is building applications on both the Trustonic and Intel Platforms for trusted execution.

The company is at seed stage and is not started to generate revenues.

About Rivetz
Rivetz Corp. is a new venture focused on improving consumers' relationships with financial and other online services. Rivetz provides a safer and easier-to-use model for all users to protect their digital assets and online transactions using hardware-based device identity and execution protection. The device plays a critical role in automating security and enabling the controls that users need to benefit from modern services. Rivetz leverages state-of-the-art cybersecurity tools to develop a modern model for users and their collection of devices to interact with services on the Internet. For more information, visit

Follow Rivetz on Twitter at @Rivetzcorp

More Stories By Xenia von Wedel

Xenia von Wedel, Tech blogger and PR Consultant in Mountain View. She mainly writes about B2B solutions, social media and open source software. She is an SVP with a full-service PR agency, serving clients in a variety of industries worldwide. The agency is focused on thought leadership content creation and syndication, media outreach and strategy. Buy her a coffee if you like her article:

@ThingsExpo Stories
As enterprises capture more and more data of all types – structured, semi-structured, and unstructured – data discovery requirements for business intelligence (BI), Big Data, and predictive analytics initiatives grow more complex. A company’s ability to become data-driven and compete on analytics depends on the speed with which it can provision their analytics applications with all relevant information. The task of finding data has traditionally resided with IT, but now organizations increasingly turn towards data source discovery tools to find the right data, in context, for business users, d...
SYS-CON Events announced today that MobiDev, a software development company, will exhibit at the 17th International Cloud Expo®, which will take place November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software development company with representative offices in Atlanta (US), Sheffield (UK) and Würzburg (Germany); and development centers in Ukraine. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobile software company with over 150 developers, designers, quality assurance engineers, project manage...
The broad selection of hardware, the rapid evolution of operating systems and the time-to-market for mobile apps has been so rapid that new challenges for developers and engineers arise every day. Security, testing, hosting, and other metrics have to be considered through the process. In his session at Big Data Expo, Walter Maguire, Chief Field Technologist, HP Big Data Group, at Hewlett-Packard, will discuss the challenges faced by developers and a composite Big Data applications builder, focusing on how to help solve the problems that developers are continuously battling.
“The Internet of Things transforms the way organizations leverage machine data and gain insights from it,” noted Splunk’s CTO Snehal Antani, as Splunk announced accelerated momentum in Industrial Data and the IoT. The trend is driven by Splunk’s continued investment in its products and partner ecosystem as well as the creativity of customers and the flexibility to deploy Splunk IoT solutions as software, cloud services or in a hybrid environment. Customers are using Splunk® solutions to collect and correlate data from control systems, sensors, mobile devices and IT systems for a variety of Ind...
Apps and devices shouldn't stop working when there's limited or no network connectivity. Learn how to bring data stored in a cloud database to the edge of the network (and back again) whenever an Internet connection is available. In his session at 17th Cloud Expo, Bradley Holt, Developer Advocate at IBM Cloud Data Services, will demonstrate techniques for replicating cloud databases with devices in order to build offline-first mobile or Internet of Things (IoT) apps that can provide a better, faster user experience, both offline and online. The focus of this talk will be on IBM Cloudant, Apa...
Clearly the way forward is to move to cloud be it bare metal, VMs or containers. One aspect of the current public clouds that is slowing this cloud migration is cloud lock-in. Every cloud vendor is trying to make it very difficult to move out once a customer has chosen their cloud. In his session at 17th Cloud Expo, Naveen Nimmu, CEO of Clouber, Inc., will advocate that making the inter-cloud migration as simple as changing airlines would help the entire industry to quickly adopt the cloud without worrying about any lock-in fears. In fact by having standard APIs for IaaS would help PaaS expl...
Organizations already struggle with the simple collection of data resulting from the proliferation of IoT, lacking the right infrastructure to manage it. They can't only rely on the cloud to collect and utilize this data because many applications still require dedicated infrastructure for security, redundancy, performance, etc. In his session at 17th Cloud Expo, Emil Sayegh, CEO of Codero Hosting, will discuss how in order to resolve the inherent issues, companies need to combine dedicated and cloud solutions through hybrid hosting – a sustainable solution for the data required to manage I...
SYS-CON Events announced today that ProfitBricks, the provider of painless cloud infrastructure, will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. ProfitBricks is the IaaS provider that offers a painless cloud experience for all IT users, with no learning curve. ProfitBricks boasts flexible cloud servers and networking, an integrated Data Center Designer tool for visual control over the cloud and the best price/performance value available. ProfitBricks was named one of the coolest Clo...
SYS-CON Events announced today that IBM Cloud Data Services has been named “Bronze Sponsor” of SYS-CON's 17th Cloud Expo, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. IBM Cloud Data Services offers a portfolio of integrated, best-of-breed cloud data services for developers focused on mobile computing and analytics use cases.
Learn how IoT, cloud, social networks and last but not least, humans, can be integrated into a seamless integration of cooperative organisms both cybernetic and biological. This has been enabled by recent advances in IoT device capabilities, messaging frameworks, presence and collaboration services, where devices can share information and make independent and human assisted decisions based upon social status from other entities. In his session at @ThingsExpo, Michael Heydt, founder of Seamless Thingies, will discuss and demonstrate how devices and humans can be integrated from a simple clust...
As more and more data is generated from a variety of connected devices, the need to get insights from this data and predict future behavior and trends is increasingly essential for businesses. Real-time stream processing is needed in a variety of different industries such as Manufacturing, Oil and Gas, Automobile, Finance, Online Retail, Smart Grids, and Healthcare. Azure Stream Analytics is a fully managed distributed stream computation service that provides low latency, scalable processing of streaming data in the cloud with an enterprise grade SLA. It features built-in integration with Azur...
You have your devices and your data, but what about the rest of your Internet of Things story? Two popular classes of technologies that nicely handle the Big Data analytics for Internet of Things are Apache Hadoop and NoSQL. Hadoop is designed for parallelizing analytical work across many servers and is ideal for the massive data volumes you create with IoT devices. NoSQL databases such as Apache HBase are ideal for storing and retrieving IoT data as “time series data.”
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Mobile messaging has been a popular communication channel for more than 20 years. Finnish engineer Matti Makkonen invented the idea for SMS (Short Message Service) in 1984, making his vision a reality on December 3, 1992 by sending the first message ("Happy Christmas") from a PC to a cell phone. Since then, the technology has evolved immensely, from both a technology standpoint, and in our everyday uses for it. Originally used for person-to-person (P2P) communication, i.e., Sally sends a text message to Betty – mobile messaging now offers tremendous value to businesses for customer and empl...
SYS-CON Events announced today that Cloud Raxak has been named “Media & Session Sponsor” of SYS-CON's 17th Cloud Expo, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Raxak Protect automates security compliance across private and public clouds. Using the SaaS tool or managed service, developers can deploy cloud apps quickly, cost-effectively, and without error.
Who are you? How do you introduce yourself? Do you use a name, or do you greet a friend by the last four digits of his social security number? Assuming you don’t, why are we content to associate our identity with 10 random digits assigned by our phone company? Identity is an issue that affects everyone, but as individuals we don’t spend a lot of time thinking about it. In his session at @ThingsExpo, Ben Klang, Founder & President of Mojo Lingo, will discuss the impact of technology on identity. Should we federate, or not? How should identity be secured? Who owns the identity? How is identity ...
SYS-CON Events announced today that Solgeniakhela will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Solgeniakhela is the global market leader in Cloud Collaboration and Cloud Infrastructure software solutions. Designed to “Bridge the Gap” between Personal and Professional Social, Mobile and Cloud user experiences, our solutions help large and medium-sized organizations dramatically improve productivity, reduce collaboration costs, and increase the overall enterprise value by bringing ...
Sensors and effectors of IoT are solving problems in new ways, but small businesses have been slow to join the quantified world. They’ll need information from IoT using applications as varied as the businesses themselves. In his session at @ThingsExpo, Roger Meike, Distinguished Engineer, Director of Technology Innovation at Intuit, will show how IoT manufacturers can use open standards, public APIs and custom apps to enable the Quantified Small Business. He will use a Raspberry Pi to connect sensors to web services, and cloud integration to connect accounting and data, providing a Bluetooth...
SYS-CON Events announced today that Micron Technology, Inc., a global leader in advanced semiconductor systems, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Micron’s broad portfolio of high-performance memory technologies – including DRAM, NAND and NOR Flash – is the basis for solid state drives, modules, multichip packages and other system solutions. Backed by more than 35 years of technology leadership, Micron's memory solutions enable the world's most innovative computing, consumer,...
Nowadays, a large number of sensors and devices are connected to the network. Leading-edge IoT technologies integrate various types of sensor data to create a new value for several business decision scenarios. The transparent cloud is a model of a new IoT emergence service platform. Many service providers store and access various types of sensor data in order to create and find out new business values by integrating such data.