CLOSED
GET A PIECE OF NANOVMS, INC.
Run Linux Software Faster and Safer than Linux Through Unikernels
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$375,273.13 Raised
REASONS TO INVEST
TEAM
Ian Eyberg • CEO
Ian previously was at Appthority, a mobile enterprise application security company and attended the University of Missouri-Rolla.
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Will Jhun • Principal Kernel Engineer
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Justin Sanders • Sr Kernel Engineer
Justin brings extensive experience in in hypervisors, storage, networking and general systems programming.
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Overview
A new operating system on the horizon
The server operating system has remained the same for 50 years. As we store more of our data online and through servers, we risk our data being compromised by cyber threats.
NanoVMs is developing a new operating system to change the game. The new OS is unikernel based to run Linux apps safer and faster so you don’t have to compromise on security.
The Problem
Server operating systems are out-of-date
Cyber-security is a major concern for companies that rely on servers to store large amounts of data. Servers today can allow multiple users to access data at the same time, creating opportunities for data breaches and targeted cyber attacks. The current server operating systems aren’t designed for these types of attacks. Not only are data breaches costly, they can create distrust and customer loss for companies.
Sources: Facebook $1.63B; Google+ shutdown; Uber paid $148m
The Solution
The unikernel, a cloud-based solution
NanoVMs uses unikernels, which are designed to run a single-program as an OS. Unikernels are single process machine images. Unlike the Windows or Linux OS, unikernels prevent multiple programs from running, which in turn prevents attackers from running their own software on your server.
The Market
Delving into the cybersecurity and DevOps market
The key audiences we’re impacting are developers and devops. The DevOps market is expected to be worth $15 billion by 2026, with a compound annual growth rate of 19.1%. This is a significant increase from the DevOps market worth in 2018, which was $3,708.1 million.
Meanwhile, the market for cybersecurity is already an existing $60 billion market. By 2025, the market is projected to grow to nearly $110.99 billion, and then to $182.32 billion by 2030.
Our Traction
Patented and with revenue from the US Air Force
We have gained recognition in our 5 target markets: healthcare, finance, energy, telecom and government. Since we founded NanoVMs in 2015, we have raised $2.4 million in funding, which includes $170k from the Department of Energy. We have also received revenue from the U.S. Air Force, which includes a 5-year Indefinite Delivery, Indefinite Quantity Contract for the U.S. Air Force Advanced Battle Management System (ABMS). This multiple-award contract gives NanoVMS a minimum of $1,000 up to a ceiling of $950M over the next 5 years.
Additionally, we have filed 4 patents, and have 2 issued for our technology. We have run trials with Amgen, a multinational biopharmaceutical company. Recently we launched the new Nanos C2 product with revenue attached.
We have been profiled by Forbes, the Air Force, DOE, TechCrunch and the VMBlog.
What We Do
Creating OS solutions and providing tech support
We are developing a production-ready, unikernel platform. We offer a free, open-source base kernel and orchestration tool for DevOps users. Additionally, we run the Nanos C2 product which is a graphical web application that allows users to control their OS infrastructure as unikernels. We also offer technical support plans for performance engineering and software support including bug fixes, technical advice, and feature development planning.
The Business Model
Annual and monthly software subscriptions
Our profits come through our SAAS licenses and the Nanos C2 product, as well as our technical support packages. We offer 3 Nanos Support subscription models: business ($600/month), small team ($300/month), and individual developer ($30/month). The Nanos C2 product can be purchased at a monthly rate of $7/user or as an annual package for $67.20/user/year (20% less). Meanwhile, NanoVMs Radar, our unikernel APM is sold single-user for Developer at $9/month or for Small Team at $25/month.
How We Are Different
Unikernels address both containers and Linux security issues
The current market of cybersecurity support is primarily focused on other operating systems rather than Linux. However, our unikernel technology addresses containers security issues and normal Linux security issues.
*Comparison data computed based on management’ experience.
The Nanos kernel has only a tenth of 1% of the attack service compared to Linux. We are able to achieve speed and security with less code, libraries, and executables. Not having the concept of users or multiple processes gives us a huge boost in security and performance.
The Vision
The go-to OS for virtualized workloads
Our goal is to revolutionize the server infrastructure environment through our unikernel OS. We anticipate doing this by scaling our team size to thousands of employees and building a strong, core outbound sales team. We are currently growing our team of kernel engineers. In the next few years, we want to be the number one server-side operating system for virtualized workloads including all public cloud data.
OUR LEADERSHIP
Professionals in the tech industry
We are a team with years of professional experience in unikernels and the tech industry. Many of our kernel engineers have worked at storage and networking companies in Silicon Valley before joining us at NanoVMs.
Ian Eyberg, CEO: Ian is the founder and CEO of NanoVMs and a frequent speaker on the subject of unikernels. He holds 2 issued patents on unikernels and 2 more filed.
Will Jhun, Principal Kernel Engineer: Will is an outstanding principal kernel engineer. He has attended Stanford, and worked at companies such as Cisco. Will was responsible for spearheading the effort to reverse engineer AWS instances and adding support to run Nanos on AARCH64 platform.
Justin Sanders, Sr. Kernel Engineer: Justin attended the University of Georgia and has worked at companies like Coraid. Justin has extensive hypervisor, networking and SMP related work.
Francesco Lavra, Sr. Kernel Engineer: Francesco is a highly talented kernel engineer that is capable of breaking down extremely technical problems and swiftly coding up solutions. Francesco was responsible for initial Firecracker integration and more.
Fabio Ferreria, Sr. Backend Software Engineer: Fabio leads our backend software engineering with emphasis on OPS, is wholly responsible for the Nanos C2 product and works on other un-announced projects in the domain.
Why Invest
Invest in the future: an OS that is designed for cloud-based cyber-attacks
NanoVMs is here to stay: we’re creating an operating system that we see as a long-term solution for today’s cloud-based cyber-attacks. Our product supports the most popular server-side operating system, Linux. This is critical, as Linux is behind the world’s largest tech companies including Google, Facebook, and Uber. Our unikernel approach provides speed and security so companies can prevent cyber-attacks before they happen. Our software will help support 5 large markets: healthcare, finance, energy, telecom and government, but we are just getting started. Join us on the quest to change the server-side OS by providing a solution which is built for today’s world of cloud-based computing.
ABOUT
HEADQUARTERS
148 Townsend St
San Francisco, CA 94107
WEBSITE
View Site
TERMS
NanoVMs, Inc.
Overview
INTEREST RATE
2.0%
MATURITY DATE
Apr 1, 2023
DEADLINE
Mar. 25, 2022 at 6:59 AM UTC
VALUATION CAP
$20M
FUNDING GOAL
$10K - $4.03M
Breakdown
MIN INVESTMENT
$100
DISCOUNT
1.0%
CONVERSION TRIGGER
$10,000,000
OFFERING TYPE
Convertible Notes
TYPE OF EQUITY
Preferred Stock
A convertible note offers you the right to receive Preferred Stock in NanoVMs, Inc.. The amount of Preferred Stock you will receive in the future will be determined at the next equity round in which the Company raises at least $10,000,000.00 in a qualified equity financing. The highest conversion price per security is set based on a $20,000,000.00 Valuation Cap or if less, then you will receive a 1.00% discount on the price the new investors are paying. You also receive 2.00% interest per year added to your investment. When the maturity date is reached, if the note has not converted then you are entitled to receive Preferred Stock equal to your investment and interest back at a price per security determined by dividing the Valuation Cap by the aggregate number of outstanding equity securities of the Company as of immediately prior (on a fully diluted basis).
*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.
Investment Incentives and Bonuses*
Time-Based:
Friends and Family Early Birds
Invest within the first 48 hours and receive an additional 25% bonus on the convertible note interest rate.
Super Early Bird Bonus
Invest within the first week and receive an additional 10% bonus on the convertible note interest rate.
Early Bird Bonus
Invest within the two weeks and receive an additional 5% bonus on the convertible note interest rate.
Amount-Based:
$500+: Receive an additional 5% bonus on the convertible note interest rate.
$1,000+: Receive an additional 7% bonus on the convertible note interest rate.
$2,500+: Receive an additional 10% bonus on the convertible note interest rate.
$5,000+: Receive an additional 15% bonus on the convertible note interest rate + Call with Founders.
$10,000+: Receive an additional 20% bonus on the convertible note interest rate + Call with Founders
$20,000+: Receive an additional 25% bonus on the convertible note interest rate + Call with Founders
*All perks occur when the offering is completed.
The 10% Bonus for StartEngine Shareholders
NanoVMS Inc. will offer 10% additional bonus interest for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
Eligible StartEngine shareholders will receive a 10% increase in the annual interest rate on Convertible Promissory Notes in this Offering. This means your annual interest rate will be 2.2% instead of 2%.
This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.
Insider Investment Notice
Officers, directors, executives, and existing owners with a controlling stake in the company (or their immediate family members) may make investments in this offering. Any such investments will be included in the raised amount reflected on the campaign page.
Irregular Use of Proceeds
PRESS
ALL UPDATES
07.06.22
NanoVMs Selected to Deliver Unikernel Technology for Phase 2 of DARPA Program
03.23.22
Launch of New OPS Unikernel Package Repository and 2 Days Left to Invest
New Package Repository
We've opened up https://repo.ops.city/ today as a new unikernel package repository. For those that have used our open source tooling you'll know that we've had a package repository for quite a while but only NanoVMs employees were allowed to contribute to it. This new one which we quietly rolled out in the last ops release allows anyone to add their own unikernel packages making it ever easier to deploy their applications to production. There are many benefits such as grabbing more advanced metrics on usage, SEO, community building, etc. however it also opens up a brand new monetization route allowing us to charge for private packages, organizational control and such.
Two Days Left
We are closing out this current round in two days and won't be extending. Now is your last chance to invest at these terms.
03.04.22
Notice of Funds Disbursement
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, NanoVMs, Inc. has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in NanoVMs, Inc. be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
02.18.22
Pleased to Announce New Outside Investor
You all might have noticed that we had to file a new disclosure as we had a new outside investor come in recently at $50,000. Just to note they were given the same valuation cap, discount as you all.
02.16.22
Notice of Material Change in Offering
[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the NanoVMs, Inc. offering. Here's an excerpt describing the specifics of the change:
Issuer is extending campaign, disclosing outside investment, and adding disclosures for insider investment
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
02.03.22
Notice of Funds Disbursement
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, NanoVMs, Inc. has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in NanoVMs, Inc. be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
01.12.22
RISC-V, Bhyve, and Benzinga Video Interview
RISC-V:
As mentioned earlier we recently received a grant from the NSF (National Science Foundation) to add RISC-V support to the Nanos unikernel. We already have the initial support landing in it's first PR: https://github.com/nanovms/nanos/pull/1651 . Obviously there is more work to do here but being able to run it on riscv64 so soon is awesome. There actually isn't even real hardware that we can run this on yet but that didn't stop us.
Bhyve:
We recently added support to run Nanos unikernels on FreeBSD's Bhyve hypervisor which you can read about in this blogpost: https://nanovms.com/dev/tutorials/running-unikernels-on-bhyve-hypervisor-on-freebsd . FreeBSD is still used by companies such as Netflix and others, for networking performance reasons and Bhyve is the equivalent of KVM for it.
Benzinga Video Interview:
We recently sat down with Benzinga and talked about the market opportunity for unikernels and what our company is up to. You can watch here
https://www.linkedin.com/posts/benzinga_ad-activity-6876578217822699520-URFn/ and here https://twitter.com/Benzinga/status/1470811894290202627 .
01.07.22
Big News - We Just Received a New Outside Investment of $250,000
You all might have seen the update for the "material change". These are required in events such as receiving outside investment of which we just received $250,000 from an outside investor. They invested at the same valuation you all are investing at. So the amount you see on StartEngine are only funds raised on StartEngine and this one is from the outside.
01.07.22
Notice of Material Change in Offering
[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the NanoVMs, Inc. offering. Here's an excerpt describing the specifics of the change:
Issuer is adding outside investment.
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
12.30.21
Notice of Funds Disbursement
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, NanoVMs, Inc. has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in NanoVMs, Inc. be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
REWARDS
Venture Club
Venture Club Members earn 10% bonus interest rate on top of this and all eligible investments for an entire year. Not a member? Sign up at checkout ($275/year).
$500
$500+
Receive an additional 5% bonus on the convertible note interest rate.
$1,000
$1,000+
Receive an additional 7% bonus on the convertible note interest rate.
$2,500
$2,500+
Receive an additional 10% bonus on the convertible note interest rate.
$5,000
$5,000+
Receive an additional 15% bonus on the convertible note interest rate + Call with Founders.
$10,000
$10,000+
Receive an additional 20% bonus on the convertible note interest rate + Call with Founders
$20,000
$20,000+
Receive an additional 25% bonus on the convertible note interest rate + Call with Founders
JOIN THE DISCUSSION
0/2500
Anita Thomas
a year ago
Hello, I am an investor and would like to know if you have any updates.
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Yosef Hertz
3 years ago
See your raising on dealmaker and saw the recent update.. what does the new Phase 2 DARPA mean in terms of revenues to NanoVMs? Thanks
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Pushkar Chitnis
3 years ago
How are you aligning with “confidential computing tech” available now in all cloud providers? Deploying unikernels in “confidential vms” should enhance value prop in terms of security with added hardware based confidentiality and integrity.
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Tom Schotland
3 years ago
Hi I realize I am late to the party as you are closing in just a few hours, but who are your competitors in this space? I suppose the space would be unikernels or maybe alterntive OSes, but if not, please enlighten me. Also one probably very naive question, but if you have 10k nanoVMs running on a piece of real hardware, what is the management interface for launching, monitoring and shutting them down? Does that interface present a different attack surface than the nanoVMs themselves?
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Michael Nadler
3 years ago
Ian, I was finalizing my investment, which I've done for 5 companies on Start Engine, and part of the final questions is saying I can't invest and I'm: "...[not] eligible to submit this investment if you are a control person or if you, or an immediate family member residing in the same household are employed by or associated with any of the following: a broker-dealer, stock exchange, the Financial Industry Regulatory Authority (FINRA), or other financial institution." Why can't I invest in Nanovms if I'm in the securities finance industry but I can for other companies?? Is this a mistake?
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Sean Stobart
3 years ago
Awesome!! Love, love this!!! 😳😳😍😍💪💪🤑🤑🇺🇸🇺🇸 It is great to see you guys raising more capital, marketing your company services out there on multiple platforms & eventually getting more customers/traction. Please feel free to reach out to me via LinkedIn for I have some 40,000+ contacts, connections and relationships. Let’s put together a press release on your latest update & market it to the masses online. I do believe you have massive and unlimited future potential.
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Yosef Hertz
3 years ago
Before this closes, can you update on recent traction with customers or revenue, and anything that would be pertinent to deciding on an investment? Thanks
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Yosef Hertz
3 years ago
Will this be extended again? Why or why not?
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Michael Nadler
3 years ago
Ian, I've been watching this for a while not. Not being a tech geek, it is hard for me to grasp my head around unikernels and the industry jargon; that aside, I've spoken to friends and can understand the concept of what you guys are doing. As this round seems to be finally closing down, can you give me a generic example i.e. maybe generically speaking how does the airforce deploy this? What I'm asking here is a use case and not why but how your customers use Nanovms.
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Cancel anytime before 48 hours before a rolling close or the offering end date.
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With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.
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PINNED BY STARTUP
Bob Mankos
4 years ago
"BEST VALUE" / "LOWEST VALUATION" vs. 'EXPONENTIAL POTENTIAL" out there!!! NANO_VMs and ATOMBEAM are ***by far*** the MOST Potential, the Most "Bang for the Buck" of having an exponential technology and potential for the relative valuation cap, of all the Investments on StartEngine. You could change the future. But, this round of fundraising has been very slow for Nano. Ian, you are not given to speculation or exaggeration, or hype, but I think you *do* need to let go, and get at least one "INSANELY GREAT" rave come out about your product, the technology, and how it might change the world. You are hyperfocused on development and the technical aspects of what you are doing, but it almost seems as if you are a bit embarrassed to talk about how wild and out of control things could get, if this technology really takes off. Try it. Say, "INSANELY GREAT!!!" (at least 3 exclamation points). You don't have to be "controlling" about this....... Don't have to write a book, like Bill Gates, and say, this is "THE ROAD FORWARD"!!!!! You don't have to say, like Bill, the goal is WORLD DOMINATION and TOTAL CONTROL of 100% of the market (but not a 'monopoly'). So, try it. In a down moment. Say it. NanoVMS *is* INSANELY GREAT!!!! NanonVMS *is* THE ROAD FORWARD. No, can't do it? Too bragodicous? Ok, then. I did it for you!
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