What NYM Technologies SA does

NYM Technologies SA, founded in 2017 and headquartered in Neuchâtel, Switzerland, is a privacy infrastructure company that operates a decentralized mixnet comprising more than 9,000 nodes worldwide. Its core product, NymVPN, is a consumer VPN service launched in November 2024 that offers two operating modes: a 2-hop decentralized WireGuard-based 'Fast Mode' for everyday browsing and streaming, and a 5-hop 'Mixnet Mode' that routes traffic through a Noise Generating Mixnet designed to make traffic patterns untraceable. The architecture uses zero-knowledge network design so that no node can link users to their activity, incorporates post-quantum key exchange via the Lewes Protocol, and is open source with annual independent security audits.

The company generates revenue primarily through NymVPN subscriptions, distributed via direct download from nym.com across Android, iOS, Linux, macOS, and Windows on a self-serve, product-led basis with a 7-day free trial and anonymous signup (no email required). Payment is accepted in fiat and cryptocurrency, with an 85% discount applied for payments in the native $NYM token. Target customer segments are privacy-conscious general consumers, cryptocurrency and Web3 users concerned about on-chain metadata exposure, and high-risk users such as activists, journalists, and whistleblowers. The company has raised approximately $19.5 million in disclosed venture funding across a July 2021 seed round led by Polychain Capital and a November 2021 Series A led by Andreessen Horowitz, and has secured ecosystem grants including a February 2024 award from Zcash Community Grants to embed its mixnet technology into Zcash's light client libraries. Leadership comprises CEO and co-founder Harry Halpin and Chief Scientist Claudia Diaz.

Name

NYM Technologies SA

Legal name

Nym Technologies SA

Website

https://nymtech.net

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

51–100 employees

Short description

NYM Technologies SA operates a decentralized mixnet of 9,000+ nodes and sells NymVPN, a consumer VPN with two modes (Fast and Mixnet) offering metadata-resistant traffic anonymization, sold via self-serve download with anonymous signup and crypto payment options to privacy-conscious consumers and Web3 users.

Ownership category

akta.pro rank

Product category

Privacy and Security Software

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518), Wired and Wireless Telecommunications (except Satellite) (5171)

SIC

Computer Communications Equipment (3576), Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Programming Services (7371)

akta.pro primary industry

Decentralized Bandwidth & Connectivity (bandwidth marketplaces, VPN, ISP/last-mile DePIN) (FSAPALAD)

akta.pro secondary industries

Private Cloud Networking & SDN/NFV Management (HDABABAK), Remote Access / Secure Application Access (ADC‑Based VPN/ZTNA) (HDAFAHAK)

Keywords

• Decentralized VPN
• Mixnet privacy
• Metadata protection
• Zero-knowledge network
• Network anonymity

Headquarters

HQ city

Neuchâtel

HQ country

Switzerland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations

Revenue model

1. NymVPN Subscription: Paid subscription VPN service with free trial option. Accepts wide range of payment methods including cryptocurrencies. Features a 7-day free trial with all features included, and 85% discount available for $NYM token payments.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

NYM Technologies SA offers NymVPN, a decentralized VPN service built on a Noise Generating Mixnet with zero-knowledge network architecture. The product operates in two modes: Fast mode (a 2-hop decentralized connection using AmneziaWG/WireGuard for everyday browsing and streaming) and Mixnet mode (a 5-hop connection providing complete metadata protection for crypto transactions, messaging, and sensitive communications). The service is sold via subscription with a 7-day free trial and is delivered through native apps for Android, iOS, Linux, macOS, and Windows.

Product overview

NYM Technologies SA offers a single primary product called NymVPN — a decentralized VPN privacy service that operates in two modes: Fast mode (2-hop connection using AmneziaWG/WireGuard protocol) for everyday browsing, and Mixnet mode (5-hop Noise Generating Mixnet) for complete metadata protection. The product is built on Nym's zero-knowledge network architecture and is positioned as more private than traditional VPNs by eliminating single points of control and providing genuine anonymity against network-level surveillance.

Differentiator

Problem solved

Functional benefit

Brands

• NymVPN: The world's most private decentralized VPN, built on Nym's noise-generating mixnet technology. Offers two modes: Fast mode (2-hop decentralized connection) and Mixnet mode (5-hop complete metadata protection).

Products and services

• NymVPN A decentralized VPN privacy service offering two modes: Fast mode (2-hop decentralized AmneziaWG/WireGuard connection for everyday browsing and streaming) and Mixnet mode (5-hop Noise Generating Mixnet for complete metadata protection of crypto transactions, messaging, and sensitive communications). Targets privacy-conscious consumers globally via subscription with anonymous signup, no email required, up to 10 devices per account, and an 85% discount when paying with $NYM tokens.

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

One partnership is on record.

• Zcash Community GrantsminorStrategic or Co-development Partner · 14 February 2024Nym received a grant from Zcash Community Grants to develop network-layer privacy protections within the Zcash ecosystem. The integration embeds Nym's mixnet technology into Zcash's light client libraries, enhancing privacy against surveillance at the network level. This partnership extends Nym's privacy technology to the Zcash cryptocurrency ecosystem.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Proton AG: Proton offers ProtonVPN alongside Proton Mail, Drive, and Pass. It is the most comparable privacy-focused VPN competitor, targeting the same privacy-conscious consumer segment with a bundled ecosystem.
• Nord Security (NordVPN): NordVPN is one of the largest consumer VPN brands globally. It competes directly with NymVPN for everyday-privacy users but relies on centralized servers, which is precisely the architectural weakness Nym markets against.
• Mullvad VPN: Mullvad is a privacy-focused VPN known for anonymous account creation and no-log policies. It appeals to the same high-privacy-use-case segment Nym targets, and is named as a competing architecture in Nym's comparison table.
• ExpressVPN: ExpressVPN is a major consumer VPN competitor with broad global brand recognition. It targets the same end-user VPN market but uses a centralized infrastructure model that differs from Nym's decentralized mixnet.
• The Tor Project: Tor is the dominant open-source anonymity network and the primary reference competitor in Nym's positioning. It serves overlapping high-risk-user segments (journalists, activists) and represents both the incumbent and the baseline NymVPN aims to surpass.
• Mysterium Network: Mysterium is a decentralized VPN built on Web3 infrastructure, operating a marketplace of residential exit nodes. It is structurally similar to Nym's decentralized connectivity model and targets overlapping Web3/privacy users.
• Orchid: Orchid is a decentralized VPN and privacy network using a token-incentivized bandwidth marketplace. It directly competes for crypto-native users seeking pay-as-you-go private bandwidth, with similar tokenomics to Nym's $NYM model.
• Sentinel: Sentinel is a decentralized VPN (dVPN) network using blockchain-based node incentives. It competes in the same Web3-native decentralized bandwidth category and targets crypto users seeking censorship-resistant connectivity.
• HOPR: HOPR is a mixnet-protocol project focused on metadata-protected communications with token-incentivized relay nodes. It is technologically adjacent to Nym's mixnet approach and shares the privacy-infrastructure narrative.

Broad incumbents

• Cloudflare (WARP / Privacy Proxy): Cloudflare offers WARP and privacy/proxy services as part of a broad networking and security portfolio. While not a focused VPN competitor, its massive infrastructure and consumer brand (1.1.1.1) give it optionality to enter the privacy-VPN space Nym occupies.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• GitHubgithub.com/nymtech
• Xx.com/nymproject

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds6 records

Investors17 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NYM Technologies SA