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Nymi
Workplace wearables and connectivity platform
- 21-100 employees
- B2B
- Security
- Enterprise
- Wellington Place, Toronto, ON
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Company mission
Nymi's mission is to shape a digital future that works for everyone.
-21% employee growth in 12 months
Our take
As cybersecurity attacks mount in both number and severity, increasingly novel and watertight security measures are needed across the globe. One of the frontrunners is biometrics, and a major champion of this approach is workplace wearable technology company Nymi. Nymi has developed a series of wristbands that use fingerprint and heartbeat recognition technology to confirm wearer identity. These can then be used in place of passcodes and swipecards, offering more secure and efficient workplace solutions.
Nymi has a reputable and secure track record with their tech, but public attitudes towards the privacy risks associated with wearables is likely to mean workplace adoption is slower than it has proven over recent years outside of work. Nevertheless, Nymi is seeing strong custom from enterprise companies, and its regular product updates are remaining in step with new workplace obstacles - with a social distancing feature, for example, in the newest model.
The trick will be consistently proving the value added that biometric wearables bring to the workplace. Nymi’s growing spread of high-grade clients like Bayer, AstraZeneca, and BionTech, is reflective that they are succeeding in doing so. The company's acquisition by Innominds, a Californian full-cycle product engineering services company in 2022, is evidence of this and will aid Nymi in its digital growth.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- Quiet room
- Paid vacation
- Remote work option for most roles
- Headquarters in downtown Toronto, Canada
- Education allowance
- Dog friendly
- Transit reimbursement
- Enefits from day one, incl. vision, dental, and mental health coverage
- Casual dress
- Flexibility in schedule
- Amazing team of colleagues
Funding (last 2 of 4 rounds)
May 2017
$11.7m
SERIES B
Mar 2016
$5.9m
SERIES A
Total funding: $33m
This company has top investors
Leadership
Christopher Sullivan
(CEO)Previously worked in Intelligence and Analytics at Core Security, before moving on to serve as Managing Director at VoSec. Is a member of the Forbes Technology Council.