Nymi
Latest round
- Series B
Last raised
- May 2017
Total raised
- $22M
Investors
- 4
About Nymi
Nymi Inc.Founded in 2011 and headquartered in Toronto, Canada, Nymi Inc. specializes in biometric authentication solutions. The company has pivoted to target sectors including pharmaceutical and semiconductor manufacturing.Nymi primarily offers the Nymi Band™, a wearable device designed for passwordless multi-factor authentication tailored for deskless workers in high-stakes environments. This innovative solution leverages biometrics and advanced authentication methods to enhance identity assurance while minimizing errors and ensuring data integrity. The Nymi Band aims to streamline workflows and alleviate the frustration associated with manual password entry, allowing users to focus on value-add tasks. Targeted primarily at industries such as pharmaceutical manufacturing, semiconductor manufacturing, retail, warehousing, and food and beverage, Nymi’s products are utilized globally, especially in countries operating under Good Practice (GxP) regulations.Nymi generates revenue through partnerships and B2B transactions, specifically targeting organizations within compliance-driven industries. The company’s business model involves selling its flagship product, the Nymi Band, to a range of clients, including 14 of the top 15 global pharmaceutical manufacturers. Nymi typically engages in contractual agreements where clients commit to deploying the Nymi Band across their workforce, facilitating secure access management and electronic signatures. While specific pricing plans for the Nymi Band are not detailed, the company’s offerings are structured to support scalable implementations, allowing clients to integrate the wearable devices into their operations effectively.Nymi Inc. has plans for future growth that includes the introduction of new products and potential geographic expansion. While specific upcoming products have not been disclosed, the company aims to enhance its offerings tailored for deskless workers by leveraging recent technological advancements. Nymi is targeting expansion into additional global markets, particularly in sectors with stringent compliance needs.00 mn will support its strategic initiatives for product development and market expansion.
Who invested in Nymi
4 investors across 3 rounds
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Questions about Nymi
Who invested in Nymi?
Nymi has 4 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Nymi raised?
Nymi has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Nymi last raise money?
Nymi's most recent round on record is a Series B, in May 2017.
What does Nymi do?
Nymi is a software company.
Where is Nymi headquartered?
Nymi is headquartered in Toronto, Canada.
Which VCs invest in companies like Nymi?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Nymi's stage. Their profiles are linked below.
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