skip to primary navigationskip to content

Metrarc wins funding to improve security on data from the Internet of Things

last modified May 21, 2015 03:06 PM
Metrarc has won funding from Innovate UK for a project that aims to improve security for personal data gathered though the Internet of Things (IoT) with a focus on wearable technology.

The £164,000 project by the company, which is based at ideaSpace City, secured co-funding under Innovate UK’s Smart Proof-of-Concept Fund to support SecureIoT – Novel ICMetric Security for the Internet of Things.

Metrarc will investigate the proof-of-concept of employing novel secure system techniques for deriving encryption keys from the operating characteristics of devices used in IoT applications and will focus on dedicated sensor systems for sport and healthcare.

The work will build on highly significant research results, underpinned by £2m of funding from EPSRC and the European Union. Metrarc’s technology is protected by a suite of international property rights IPR including two granted US patents.

As the IoT grows, the ability to establish trust in the identity and integrity of devices and infrastructure becomes a paramount concern in preventing cyber-crime in areas where user privacy and personal data need to be respected. Current encryption technologies store the encryption keys and this represents a vulnerability.

Metrarc’s founding CEO, Professor Klaus McDonald-Maier, said: “Metrarc’s ICMetric technology does not store encryption keys or any other data and is therefore of great potential interest to IoT applications, particularly where data security is paramount such as in healthcare applications.”

Dr Karl Heeks, Metrarc’s founder, said: “The market for security-based encryption for applications is growing rapidly and predicted to be enormous by 2020. We feel that there is a fantastic opportunity for key enabling technology from innovative companies such as Metrarc to help grow the IoT.”

For more information on Metrarc see www.metrarc.com and see an article in Business Weekly here

RSS Feed Latest news

GeneAdviser raises £350K to boost uptake of genomic medicine

Jun 02, 2016

GeneAdviser, an online ordering platform for clinical genetic testing, has raised £350,000 in its first round of seed funding, backed by Cambridge biotech angel Dr Jonathan Milner.

ROADMAP Systems secures $1.7m in Series A investment

Apr 08, 2016

ideaSpace member and ROADMap CEO Karl Heeks ready to take revolutionary wavelength switch technology to market

Metrarc wins funding from Innovate UK for data protection research

Mar 31, 2016

Cambridge-based Metrarc is part of a consortium which has won funding worth nearly £400,000 from Innovate UK to combat growing security threats to the management of personal health data.

Congratulations to Business Weekly Award Winners

Mar 17, 2016

Many worthy winners last night at the Cambridge Business Weekly awards including Jelena Aleksic, CEO of GeneAdviser

View all news