
Armory Technologies, Inc.
Open source wallet management platform that protects and manages bitcoin users.
Date | Investors | Amount | Round |
---|---|---|---|
$600k | Seed | ||
Total Funding | 000k |
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Armory Technologies specializes in providing the most advanced and secure Bitcoin wallet solutions available in the market. The company focuses on cryptography and private key ceremonies to ensure the highest level of security for Bitcoin storage. Armory's core product is a Bitcoin wallet that features multiple encrypted wallets, cold storage, and distributed multi-signature capabilities. This makes it an ideal solution for large Bitcoin holders such as exchanges, trusts, and hedge funds who require robust security measures.
Armory operates in the cryptocurrency market, serving both individual users and institutional clients. The business model revolves around offering a free, highly secure Bitcoin wallet that users can trust without having to rely on the Armory team. This is achieved through features like offline wallet management, where private keys are stored on an air-gapped offline computer, significantly reducing the risk of theft.
Armory generates revenue through consulting services, helping large Bitcoin holders manage their balances securely. The company also collaborates with other organizations, such as Verisign, to develop innovative security specifications.
Keywords: Bitcoin wallet, cryptography, cold storage, multi-signature, offline management, institutional clients, security, private keys, cryptocurrency, consulting.