EYL, MASSCHALLENGE BOSTON 2016 DIAMOND WINNER

EYL Inc. was awarded the Diamond Award of Excellence at Mass Challenge Boston 2016, the world's largest startup competition with over 5,500 applications worldwide. After rigorous evaluation, 128 finalists were selected, and after a four-month acceleration program, EYL was again selected into the elite group of the top 26 startups, eventually winning the highest accolade, the Diamond Prize. It was a moment when the potential of the company was recognized worldwide. EYL’s founders are industry veterans with a high level of experience in top Korean and US companies, including Samsung Electronics, Doosan, KPMG, SRI International, and Samsung suppliers.

DISRUPT 100

The DISRUPT 100 is selected by the world's best entrepreneurs, investors and business people, and the selection of YAIL in the DISRUPT 100 means that it has been recognized as a company with the greatest potential to influence or create new global markets. Disrupt 100 Ventures has partnered with more than 5 million global startups, global brands including Google, Uber, Oracle, Silicon Valley Bank and Virgin StartUp, technology accelerators such as Microsoft Ventures, Accelerated Digital Ventures and Whitespace Ventures, Emma Sinclair, Tom Goodwin and by entrepreneurs such as Bill Liao. Disrupt 100 facilitates a public understanding of the disruptive innovations pursued by businesses around the world and has a broader impact.

EYL

SECURITY┃SOUTH KOREA

FOUNDERS: DAEHYUN NAM┃JUNGHYUN BAIK┃BUSUK JEONG┃SUNGJOON CHO

CONCEPT

Those who want to protect communication and data from unwanted eavesdroppers and cyber criminals are using increasingly sophisticated encryption methods to do so. Yet still, hackers and other criminals are managing to decrypt them. Essentially, cyber war has become a game of chess, with new vulnerabilities constantly open to exploitation. EYL has sought to change the game for good by focusing on one particular component of the encryption system that can cut through this cycle – using utterly random numbers. This ultimate protection against cyber criminals has led to the unbreakable code and creation of the ‘entropy chip’. This is essentially a hardware-based solution to secure computer network systems.

HOW THEY’RE DIRUPTING

Although randomness is often used in encryption services, these are typically generated by software algorithms and are increasingly vulnerable to hacking. EYL’s core technology, entropy chip, harvests ultimate randomness (entropy) from nature by using radioactive isotope decay to generate random numbers. The result is extremely fast and effective random numbers that can be deployed for security systems, computer networks and other purposes. EYL technology is being trialed in the public and private sectors.

DISRUPTION POTENTIAL

The cybersecurity​ ​market is expected to be worth $170 billion by 2020.

INVESTMENT AND FUTURE

Last year, EYL received the diamond award of $100,000 from MassChallenge funding.