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

ideaSpace Vacancy - Community and Office Manager (Maternity cover)

Oct 03, 2019

ideaSpace are looking for an Operations and Office Manager (part time and maternity cover) based at ideaSpace West in the Hauser Forum. The closing date for applications is 17th October 2019 at 5pm.

LESSONS FROM A FOUNDER: Getting the Basics Right For Your Startup

Sep 27, 2019

Every business will experience failures - some misfires will be part of the process but others could spell disaster for your startup. Experienced founder and angel investor, Matthew Cleevely, recently hosted our Basics of Building a Business event and invited along three professionals he considers to be integral to the growth of his business. Here he discusses how their support has helped his company, 10to8, build the foundations for success and how others can avoid organisational, environmental and strategic failure.

View all news