HCS Beteiligungsgesellschaft GmbH invests in baimos technologies gmbh

One universal, seamless IoT object authentication via smartphone: the mission of baimos technologies with their product BlueID is to deliver trust and confidence between any object and any mobile smart device when an increasing need for a fast and secure connection between smart devices and objects becomes an everyday challenge. They have everything it takes to make this goal possible as the world of IoT is expanding and will soon require a standard secure authentication technology that of a BlueID capability. The product being a future security stamp in IoT reflects the recent Gartner prediction that the IoT will change cyber security forever, ultimately making the future of the company look bright.

This potential has been recognized by the long standing, Germany-based venture capital company HCS Beteiligungsgesellschaft GmbH who has recently invested a seven-figure sum in baimos technologies gmbh together with High-Tech Gruenderfonds (HTGF) and Bayern Kapital.

baimos technologies gmbh is a developer of an award winning BlueID device authentication and authorization technology which enables your objects to securely connect and interact with your users’ smart phones and smart watches.

The software makes it possible to receive sensitive authorizations in a secure manner and to verify them locally and offline independent of the location and time which makes it a first choice technology specifically for areas like Connected Car, Smart Home and Sharing Economy.

The strength of BlueID is its patent protected offline functionality which ensures local communication, authentication and authorization, all within one second. BlueID provides strong security for digital keys stored on the smartphone but does not require secure elements on the smartphone side. It works seamlessly with communication standards like Bluetooth Smart, NFC, WiFi and the mobile Internet which ultimately places it well in the rapidly developing IoT and M2M market.

“Within the growing IoT market where objects are connected to smart devices, the BlueID technology is offering a cutting-edge security solution which possesses the highest IT security standards and is specifically optimized for the utilization by smartphones and IoT objects on a global scale. Together with some of our customers who are global leaders within automotive and facility management industries, we have proven that BlueID not only flawlessly works within their enterprise and on top of their already existing systems but additionally helps them to scale their business. We are very pleased with our partnership with HCS Beteiligungsgesellschaft – we will benefit from their strategic planning and expansion expertize and the invested funds will be allocated for further growth of the company, consequently multiplying our success” says baimos technologies’ CEO, Mr Philipp Spangenberg. “We are very optimistic about the future development of baimos technologies and their product BlueID in the world of IoT. BlueID offers an unmatched, simple and highly secure identification technology to control and manage time-defined access and user rights. We are convinced that not only a rapidly growing number of mobile applications of this technology will operate in the near future, but additionally an increasing number of individuals will have all their access permissions saved on their smartphone via BlueID “digital key ring”. Due to its outstanding patent functionality, we are positive that BlueID has a great potential to be an IoT standard for secure mobile authorization. With this in mind, baimos technologies fits perfectly into our portfolio and we are looking forward to contributing to their success” adds Mr Hans-Christian Semmler, Managing Director of the HCS Beteiligungsgesellschaft GmbH.

About baimos technologies gmbh

baimos technologies gmbh specializes in secure mobile communication and authorization management for smart devices to interact securely with embedded sensors and actuators locally around them.

The team of trusted computing specialists develops the software-based authorization platform BlueID which turns any mobile app and smartphone into a secure mobile key for real things like doors, cars, barriers, cabinets and the Internet of Things (IoT).

baimos technologies provides cross-disciplinary expertise between computer science and electrical engineering to guarantee resource-saving encryption procedures, reliable component identification and scalable permission management for practical interaction of embedded systems with their smart environment.

baimos technologies works with partners like Marquardt, Emerson Network Power, eQ-3/ELV, Microsoft, Novero, Valtech and others. Its list of customers includes Audi, Daimler, Sixt, DORMA, LG and others.

About HCS Beteiligungsgesellschaft GmbH

HCS Beteiligungsgesellschaft GmbH is a German investment company which, for the past ten years, has been focusing on companies that are faced with unique business challenges. They have invaluable expertise in supporting organizations during the phase of the initial market entry, globalization, new business development and business succession. Within their investment strategy, HCS Beteiligungsgesellschaft GmbH strongly focuses on organizations that are distinguished by their technological expertise and their market potential.

On top of their financial contribution, HCS Beteiligungsgesellschaft GmbH have extensive experience in the management and consulting of large and medium-sized companies – they support organizations in their strategic planning and concrete implementation steps.