Business Description:AuthWave is consumer security software startup. We have a mobile based integrated two-factor user authentication and transaction security solution to protect online portals against all threats including most sophisticated phishing and malware attacks. It allows users to conduct online banking, brokerage and ecommerce without worrying about someone stealing their money. The solution is so secure that the user can transact online even on an infected PC and yet be assured that no transaction compromise is possible.
It uses patent-pending watermark technology along with two-factor technology in a most unique way to implement transaction authorization ensuring transactions cannot be tampered by malware. The solution leverages user's personal mobile phone instead of requiring them to carry additional hardware device.
Overall AuthWave provides easy to use, cost effective comprehensive consumer security solution addressing core security issues. We strive to make consumer's experience of transacting on Internet completely safe and secure.
Industry:IT/ Internet/ Software
Founded in:2008
Source of idea:Systematic search for business opportunity
Significant Competitors:Hardware token solutions provided by vendors like RSA, Vasco, Verisign etc.
Company Details :
Company Name:AuthWave Technologies
HeadQuarters:Bangalore
Stage of the company:Have prototype
No of Employees (2006):Did not exist
No of Employees (2007):0-5
Office Locations(2006):Did not exist
Office Locations(2007):0-1
No of companies promoted:No
Profits (2006):Did not exist
Profits (2007):preprofit
>Partnerships:None
Initial Funding:Personal savings
Addl Funding:Venture capital
Institutitional Capital:No
Revneue Model:Solution will be sold as a software product to financial companies and online businesses who wants to protect their online portal for consumers.
Awards & honors:None
Promoters Details :
Promoters Name(s):Santosh Cheler
Age:31
HomeTown:Hyderabad
Education:Masters IIT
No of companies promoted:No
Family Background:First gen entrepreneur
Job:Engg Manager at Juniper Networks
Ex-Job Description:Managing security product development team
Favorite Book/Movie:Bottom of the Pyramid by CK Prahalad
