# Trillbit

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/trillbit

- Industry: Internet
- Headquarters: Boston, US
- Website: www.trillbit.com
- Total disclosed funding: $1.5M
- Latest round: Seed (Aug 18, 2021)
- Investors on record: 3

## About

Trillbit, Inc. specializes in Data over Sound technology that enables secure authentication for Internet of Things (IoT) devices, streamlining their setup in various environments.Trillbit, Inc. develops innovative solutions for IoT device authentication and was co-founded by Andrew Austin, Bhaskar Deo, Mrigesh Parashar, and Shashikant Burnwal. The company is headquartered in Boston, US. In August 2021, Trillbit successfully raised USD 1.5 mn in Seed funding from investors including Refex Capital and Good Growth Capital, marking a significant milestone in its growth journey.Trillbit's primary offering is its proprietary Data over Sound technology, which facilitates seamless authentication for Internet of Things (IoT) devices and simplifies the setup process for these devices in various environments. The technology is particularly beneficial for service-based companies operating in smart homes and Industrial IoT sectors, as it effectively operates even under challenging conditions. Trillbit's solutions, including Trill Auth and Trill IoT SoundAuth, cater to diverse industries, enhancing the user experience and operational efficiency of IoT applications. The end users of Trillbit's technology include manufacturers, service providers, and consumers across North America and Europe, where the demand for reliable and secure authentication methods is growing rapidly.Trillbit generates revenue through a structured model that centers on partnerships and direct sales of its technology solutions. The company engages with business-to-business (B2B) clients, providing customized authentication solutions that integrate seamlessly into their existing systems. This model often involves subscription-based agreements or licensing fees associated with its flagship products, such as Trill Auth and Trill IoT SoundAuth. Clients typically access these products through tailored agreements that dictate the terms of use and pricing structures, ensuring compatibility with their operational needs. The revenue stream is bolstered by ongoing support and updates, which further solidify client relationships and enhance service longevity.Following the Seed funding round in August 2021, Trillbit, Inc. plans to utilize the USD 1.5 mn raised for business development activities. The company aims to expand into new markets, focusing on increasing its presence in North America and Europe, with specific projects aimed at enhancing the capabilities of its authentication solutions. Upcoming initiatives include the launch of new products designed to further improve user experiences in IoT applications.

## Funding rounds

- Seed, Aug 18, 2021, $1.5M — Techstars, Good Growth Capital, Refex Capital

## Investors

- Techstars (https://capitalatlas.ai/funds/techstars) — Seed
- Good Growth Capital (https://capitalatlas.ai/funds/good-growth-capital) — Seed
- Refex Capital (https://capitalatlas.ai/funds/refex-capital) — Seed