The 4th industrial revolution only can be developed when IoT security is guaranteed. It is because IoT devices are developing into various forms of protecting human life and privacy such as autonomous vehicles, smart medical devices, and smart home devices.

However, IoT security is a hard problem that needs to be solved. Most IoT companies are focusing on creating a market and meeting customer needs, and the security issue has been low on the priority list. One of the most important innovative investors, Mr. Masayoshi Son, Chairman of Softbank, said that there are about 500 ARM chips in a typical car today, and none of them are secure. This has a very obvious nightmarish consequence for the passengers, but the implication is bigger because hacked cars can be used to inflict all kinds of serious damages. Imagine ransomware for IoT devices that will hold important physical objects and infrastructure as a hostage for ransom, not just data and information as most existing ransomware do.

Random numbers are a key component of many areas of security, including encryption, authentication, signing, key wrapping, etc. Currently, most encryption systems use random numbers generated by software algorithm (pseudo random number generator) as keys for their convenience and speed but they are increasingly vulnerable to hacking. Pseudo random numbers, created by mathematical calculation or computer algorithm appear random but there are patterns and periodic repetition that hackers can exploit. With the advance of the sufficiently powerful quantum computer that can quickly find encryption keys created by pseudo random number generators, current encryption infrastructure may crumble down soon.

EYL's mission is to strengthen cyber security of connected devices and data by providing a more secure and affordable platform. Our entropy chip provides true randomness at all times, and its randomness is certified by the quantum physics and provides pure non-biased randomness that does not need post processing. Most importantly, our customers can be absolutely confident about the trustworthiness of our entropy chip because we are providing analog pulse from the known source that cannot be faked. EYL provides wafer(1.3mm x 1.3mm) and standalone chip which are small, fast, and affordable. It is energy efficient and saves computing resources and also can be easily embedded into our customer’s solution.

EYL applies the natural process of radioisotope decay, commonly used in consumer medical devices, smoke detectors, and watches, to the use case of cryptographic information security. By exploiting the true randomness (entropy) of this quantum process, EYL's technology brings optimal security protection to a wide range of ICT and IoT products, at an affordable price. It's a game changer. As the smallest, cheapest, fastest and lowest power-consuming solution, the QUANTUM™ Random Number Generator (QRNG) product family from EYL is designed to directly address the convergence security demands introduced by the 4th Industrial Revolution and the new generation of connected IoT devices and systems, such as unmanned vehicles, smart medical devices, smart factories and smart home services.

EYL's family of QUANTUM™ products includes the QUANTUM Entropy Chip (QEC) and QUANTUM™ Random Number Generator (QRNG) in flipchip, USB and PCI card formats, supporting RNG speeds of up to 4 Gbps. The roadmap also includes a QUANTUM™ Cryptography Chip (QCC) that performs real time encryption of digital input data streams. The QCC is the world's first chip to integrate cryptographic algorithms and Side Channel Attack resistance with QRNG technology. Due to these characteristics and functions, it can be easily applied to customer’s all forms of IoT devices, with the highest security.

EYL won a Diamond Award at MassChallenge Boston 2016, the world's biggest startup competition to which over 5,500 startups from 23 countries around the world applied. MassChallenge selects 128 finalists each year in its cohort and provides four months of acceleration program. At the end of the program, EYL was selected into the elite group of top 26 startups in its cohort and eventually won the highest honor, Diamond Prize.

In 2017, EYL was selected into a list of 100 global ventures with the most disruptive potential called DISRUPT 100. The ventures in this list were selected by judges representing iconic Silicon Valley companies and investors such as Google, Microsoft, Uber, Oracle, Silicon Valley Bank, etc.

EYL started in Korea in 2015. In early 2017, EYL incorporated in the U.S. and launched its global business thanks to the support received from the MassChallenge acceleration program. Our founders are industry veterans with high-level experiences at the best companies from Korea and the U.S.: Samsung Electronics, Doosan, KPMG, SRI International, etc.

Open innovation is the very foundation of our business, backed by our strong patent portfolio. We are developing solutions rapidly with our partners because our core technology, entropy chip, provides a more secure platform that can improve existing cyber security solutions. Our business model initially focuses on business to business and expanding business to customers. EYL is currently collaborating with multiple small and large partners to develop solutions in the areas such as IoT device security, encryption system, authentication and certification, online/mobile game, etc. We are also discussing collaborative R&D with major defense contractors, semiconductor manufacturers, smart card manufacturers, block chain developers, telecommunication companies, and cyber security software vendors.

Ultra-small quantum random number generator business, quantum security business using quantum random number source technology, quantum security business expanding to IoT devices, application business converged with authentication technology.