Wisekey Internat Stock Price, News & Analysis

WISeKey has launched HIRO™ Cybersecurity Knowledge Automation, the first integrated cybersecurity solution leveraging advanced AI for risk reduction against cyberattacks. This technology automates traditional security tasks, enabling organizations to analyze vast data volumes for threats like malware and phishing. WISeKey’s innovative approach enhances efficiency while reducing operational costs, freeing cybersecurity teams to tackle complex problems. The platform is designed to continuously learn from historical data to improve threat detection.

WISeKey International Holding Ltd (NASDAQ: WKEY) has launched its WISeID Cloud Storage service, designed for secure storage and sharing of confidential documents. This service utilizes Swiss technologies and offers a free trial, transitioning into a freemium model for users. It provides robust security features, including certificate-based digital IDs and multipoint verification methods. In addition to individual users, the service targets selected businesses. The platform is accessible via web, mobile, and desktop applications.

WISeKey has secured up to $44 million through a Convertible Notes Subscription Agreement with global institutional investors. The initial tranche amounts to $22 million, with options for four additional tranches of $5.5 million each. The notes have a 24-month maturity and a 6% annual interest rate, convertible into Class B Shares. The conversion prices range from CHF 4.00 to CHF 7.50, depending on the tranche. This funding aims to support WISeKey's growth in various regions, including Switzerland, the US, and Japan.

WISeKey has officially launched the WISe.Art platform, a marketplace for trading high-value NFTs in the luxury and collectible sectors. Following successful NFT auctions, this platform enhances the trading environment by ensuring provenance, ownership proof, and the ability for future monetization. It incorporates a digital currency, TrustECoin, providing user anonymity while maintaining KYC compliance. The platform also promotes sustainability by partnering with Green NFT for carbon-neutral NFTs, and it allows brands to integrate auction options into their ecosystems.

WISeKey has partnered with seven leading drone companies to establish DRONES4SEC, the first European Sovereign Federation focused on public safety and security drones. This initiative aims to foster technological innovations and set standards for cybersecurity and data protection in the rapidly growing drone sector. The launch event is set for June 22, 2021, in Paris. WISeKey will leverage its 20 years of experience in digital security to support the federation, emphasizing its commitment to safety in automated and connected environments.

WISeKey has launched its new WISeID Cloud Storage Service as part of its digital identity platform. This service aims to enhance cybersecurity amid increasing reliance on cloud solutions due to the COVID-19 pandemic. The service enables secure file storage and sharing using Swiss-secured servers, partnering with NextCloud for user-friendly access across devices. Initially, it will be offered as a B2C model with a free trial followed by annual subscriptions. WISeID aims to continuously evolve, focusing on user identity and security, supporting both B2C and B2B models.

WISeKey has launched its TrustedNFT platform to tokenize patents, transforming them into unique digital assets that enhance licensing and commercialization. Announced at the Geneva Trust in Innovation Summit on June 15, 2021, the platform uses advanced blockchain technology to secure patent authenticity and create digital twins. WISeKey invites patent holders to join this ecosystem, leveraging its portfolio of over 46 patent families. The platform aims to facilitate KYC compliance while ensuring anonymity, with TrusteCoin serving as the payment method for transactions.

WISeKey International Holding Ltd (NASDAQ: WKEY) will participate in the launching of the Trust in Innovation event organized by Palexpo on June 16, 2021. The digital event aims to enhance knowledge in Blockchain, AI, and Quantum Computing, addressing key topics such as traceability, compliance, and healthcare. Carlos Moreira, CEO of WISeKey, will moderate discussions featuring industry leaders. The event is supported by various organizations, reflecting the importance of cybersecurity and innovation in today’s digital landscape.

WISeKey and MINES Saint-Etienne have announced a collaboration aimed at developing post-quantum resistant algorithms to secure digital systems against future cyber-attacks enabled by quantum computing. The partnership will contribute to the NIST PQC standardization program initiated in 2016. WISeKey will leverage its experience in secure hardware and firmware, while MINES Saint-Etienne will provide expertise in applied mathematics and cryptography. This collaboration aligns with France's €1.8 billion Quantum Program, seeking to maintain a leading role alongside the USA and China in quantum research.