Verayo Overview

Verayo is bringing to market a range of security and authentication solutions based on a breakthrough technology called Physical Unclonable Functions (PUFs). PUFs bring three fundamental capabilities to semiconductor ICs:

PUFs make ICs effectively unclonable

PUFs make it possible to securely authenticate any IC

PUFs can generate virtually unlimited number of unique cryptographic root master keys from each IC

Verayo is harnessing PUFs to bring the following 4 solutions to market:

Unclonable PUF-based ICs (RFIDs initially) for anti-counterfeiting

Modular Authentication Software solutions to authenticate PUF-based ICs

PUF based Crypto platforms for secure authentication & transaction processing

Secure Processors for general purpose "trusted computing" applications

Verayo's core PUF technology is based on work at MIT by Prof. Srini Devadas and his team. Dr. Devadas was joined by Tom Ziola, formerly from Microsoft, and formed PUFCO in 2005 in Silicon Valley. PUFCO, which was later renamed to Verayo, exclusively licensed MIT's rights in the core technology. Since its founding, the Verayo team has designed, built, and tested ICs using PUFs and built-up a growing body of additional IP and substantive know-how beyond the core technology that Verayo licensed from MIT. Verayo is funded by Khosla Ventures and has assembled an experienced Advisory Board drawn from the semiconductor and security industries. In the past year, the Company has also deepened its relationships with US Department of Defense agencies and has received multiple contract awards to further develop systems using PUF technology.