PriviNet
PriviNet builds a cryptographic proof layer (Lumra) that source-signs operational events, hash-chains them, and enables independent third-party verification, plus Decern, a patent-pending split-authority Bitcoin custody control product, both targeting high-stakes accountability environments from ports and fleets to institutional digital-asset custodians.
- Company typePrivate
- Founded2024
- HeadquartersSanta Monica, United States
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What PriviNet does
PriviNet is a privately held US C-corporation (registered in Sheridan, Wyoming, with operating presence in Santa Monica) building a cryptographic proof and continuity layer for operational events and digital-asset custody. The company operates two core products. Lumra Edge Proof Network is a webhook-based proof layer that signs events at the source using Ed25519 device-bound keys, hash-chains them into a multi-tenant audit ledger, Merkle-anchors high-volume telemetry on a separate 7-day retention plane, and exports a signed bundle verifiable by a standalone zero-dependency Node.js tool. It ingests events from MIOTY gateways, ThingsBoard, generic sensors, security cameras and VMS, dashcams, and worker phones via HTTP and MIOTY webhooks. Decern is a patent-pending control and proof layer for institutional Bitcoin custody that splits signing authority across independent keys (2-of-3 model) and continuously refreshes the approval pieces, with a live demonstration on the Bitcoin signet test network.
PriviNet targets bounded environments with multiple actors and high-stakes accountability: ports and cargo terminals, dashcam and fleet operations, security and surveillance, airports and aviation, smart cities and utilities, maritime and venue operations, and (via Decern) institutional Bitcoin custodians and digital-asset managers. The technology stack combines established cryptography (Ed25519, SHA-256, Merkle trees) with the ETSI TS 103 357 MIOTY/TS-UNB standard for long-range, low-power edge connectivity, and is positioned as a neutral overlay rather than a replacement for existing cameras, sensors, or IoT platforms.
The business model is founder-led and pilot-stage. Lumra is currently being offered via paid pilot engagements scoped through direct founder outreach ([email protected]), with the implied pricing model being recurring subscription or usage-based proof-as-a-service for enterprise and mid-market buyers. Decern is at research-prototype stage with no real assets handled and is accessible only through NDA founder briefings to qualified investors, custodians, and infrastructure partners. The company is pre-revenue with no disclosed funding rounds, no public pricing, no named customer logos, and a team of approximately seven people comprising two founders, four engineers, and one board advisor.
PriviNet firmographics
Firmographics- Name
- PriviNet
- Legal name
- PriviNet Inc.
- Website
- https://privinet.net
- Company type
- Private
- Founded year
- 2024
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- PriviNet builds a cryptographic proof layer (Lumra) that source-signs operational events, hash-chains them, and enables independent third-party verification, plus Decern, a patent-pending split-authority Bitcoin custody control product, both targeting high-stakes accountability environments from ports and fleets to institutional digital-asset custodians.
- Ownership category
- akta.pro rank
PriviNet industry classification
Industry- Product category
- Cryptographic Proof & Audit Software
- NAICS
- Security Systems Services (except Locksmiths) (561621)
- akta.pro primary industry
- Digital Asset Risk, Security & Audit Tooling (Smart Contract Audit, Threat Monitoring) (FSAGAMAJ)
- akta.pro secondary industry
- Key Management Infrastructure (HSMs, key vaults, MPC/TSS key mgmt, rotation) (FSAPACAE)
Keywords
Where PriviNet is headquartered
LocationHeadquarters
- HQ city
- Santa Monica
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
PriviNet business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Lumra Edge Proof Network: PriviNet is currently scoping paid pilots for the Lumra proof layer. Revenue model appears to be subscription-based or usage-based for proof-as-a-service, targeting enterprise customers in bounded environments with high-stakes accountability.
- Decern Custody Control Layer: Patent-pending control and proof layer for Bitcoin custody. At research-prototype stage with no real asset handling. Future revenue model not specified but likely B2B licensing or managed services for institutional custodians.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
PriviNet product offering
Product offeringCore offering
PriviNet builds the Lumra Edge Proof Network, a cryptographic proof and continuity layer that rides on top of existing cameras, sensors, IoT platforms, and worker phones. It signs operational events at the source with Ed25519 device-bound keys, hash-chains them into a multi-tenant audit ledger, Merkle-anchors high-volume telemetry, and exports a signed bundle that any third party can independently verify with a standalone verifier that has no dependency on PriviNet. The company also builds Decern, a patent-pending custody control and proof layer for high-stakes Bitcoin custody that splits the authority to move funds across multiple independent keys (2-of-3) and refreshes that split continuously, producing an independently verifiable proof receipt for every transaction authorization.
Product overview
PriviNet is a two-product company. The primary offering is Lumra Edge Proof Network — a cryptographic proof layer that sits on top of whatever systems already capture events (cameras, sensors, IoT platforms, worker phones) and adds source-signed, hash-chained, independently verifiable event records. The second product is Decern — a control and proof layer for Bitcoin custody that splits the authority to move funds across independent keys and refreshes that split continuously, producing tamper-evident proof receipts for every transaction. Both products share the core philosophy of adding cryptographic proof to existing infrastructure rather than replacing it.
Differentiator
Problem solved
Functional benefit
Brands
- Lumra: Cryptographic proof and continuity layer that signs operational events at the source, hash-chains them into a multi-tenant audit ledger, and lets any third party verify the record independently.
- Decern
Products and services
- Lumra Edge Proof Network A cryptographic proof and continuity layer that signs operational events at the source using Ed25519 device-bound keys, hash-chains events into a multi-tenant audit ledger, Merkle-anchors high-volume telemetry, and exports a signed bundle that any third party can independently verify using a standalone, zero-dependency verifier. It is built for organizations in bounded environments with high-stakes accountability (ports, cargo terminals, dashcams and fleet, security and surveillance, airports and aviation, smart cities and utilities, maritime and venues).
- Decern A patent-pending custody control and proof layer for high-stakes Bitcoin custody that splits signing authority across multiple independent keys (2-of-3 model) and refreshes continuously, producing an independently verifiable proof receipt for every transaction authorization. Designed for institutional Bitcoin custodians and digital asset managers whose primary loss vector is key/signing compromise rather than broken cryptography. Available via NDA-restricted founder briefings; the user experience remains unchanged for end users.
Quantifiable outcome
- Stolen key pieces become useless within minutes due to continuous refresh mechanism
- +1 more outcomes
Companies that use PriviNet
Customer profileSegments7 records
Ideal customer profiles2 records
PriviNet technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
Feature5 records
PriviNet partnerships and signals
Strategic signalScale indicators3 records
Recent moves5 records
Expansion highlights6 records
PriviNet competitors and assessment
Company assessmentEmerging players
- OpenTimestamps: Open-source cryptographic timestamping and attestation service anchoring hashes in Bitcoin. Comparable in spirit to Lumra's hash-chained, independently verifiable event proof, but focused purely on timestamps rather than a general event/evidence layer.
- CertiK: Blockchain security and smart-contract audit firm with on-chain monitoring and formal verification. Adjacent emerging player in cryptographic audit and integrity tooling that partially overlaps with Lumra's proof-of-events thesis.
Broad incumbents
- Guardtime: Long-standing provider of cryptographic data integrity and keyless signature infrastructure (KSI) for enterprises and governments. Broad incumbent analogue to Lumra's independently verifiable audit-proof layer across physical and digital events.
- Iron Mountain: Large records-management, evidence-chain-of-custody, and information-governance provider. Adjacent incumbent for chain-of-custody and audit-trail use cases targeted by Lumra, particularly in regulated and physical-asset environments.
- Coinbase Prime: Institutional crypto trading and custody platform within Coinbase's broader exchange ecosystem. Comparable to Decern's institutional Bitcoin custody target customer base, though with a much broader product surface.
Direct peers
- Anchorage Digital: Federally chartered digital asset bank providing institutional crypto custody with multi-party computation. Comparable to Decern as an institutional Bitcoin custody control layer with strong cryptographic and compliance positioning.
- BitGo: Institutional digital asset custody provider offering multi-signature and MPC-based wallet infrastructure. Comparable to PriviNet's Decern product, which targets the same institutional Bitcoin custody control plane with split-authority key management.
- Fireblocks: Institutional digital asset custody and settlement platform built on MPC key management. Direct comparable to Decern's split-authority, continuous-refresh Bitcoin custody design, addressing the same loss-from-key-compromise vector.
- Truepic: Provides cryptographic proof of authenticity for photos and video at capture time, enabling independent verification. Closely comparable to the Lumra evidence-integrity use case for dashcams, fleet cameras, and surveillance footage.
- Cobo: Institutional digital asset custody and wallet infrastructure provider with MPC and multi-signature offerings. Direct peer to Decern in the institutional Bitcoin custody control layer space.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
PriviNet social profiles
Digital presencePriviNet financial estimates
Financial estimateRevenue estimate
Valuation estimate
PriviNet leadership team
Management profileNumber of profiles
Profiles7 records
PriviNet funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PriviNet M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about PriviNet
What does PriviNet do?
PriviNet builds the Lumra Edge Proof Network, a cryptographic proof and continuity layer that rides on top of existing cameras, sensors, IoT platforms, and worker phones. It signs operational events at the source with Ed25519 device-bound keys, hash-chains them into a multi-tenant audit ledger, Merkle-anchors high-volume telemetry, and exports a signed bundle that any third party can independently verify with a standalone verifier that has no dependency on PriviNet. The company also builds Decern, a patent-pending custody control and proof layer for high-stakes Bitcoin custody that splits the authority to move funds across multiple independent keys (2-of-3) and refreshes that split continuously, producing an independently verifiable proof receipt for every transaction authorization.
Is PriviNet a public or private company?
PriviNet is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was PriviNet founded?
PriviNet was founded in 2024. It employs 1 to 10 people.
Where is PriviNet based?
PriviNet is headquartered in Santa Monica, United States, in the North America region.
How does PriviNet make money?
Two revenue lines are on record. Lumra Edge Proof Network is the primary driver. The others are decern Custody Control Layer.
Who are PriviNet's main competitors?
Emerging players on record are OpenTimestamps and CertiK. Broad incumbents are Guardtime, Iron Mountain and Coinbase Prime. Direct peers are Anchorage Digital, BitGo, Fireblocks, Truepic and Cobo.
Does PriviNet have an API?
No public API is recorded for PriviNet.
What industry is PriviNet in?
PriviNet's product category is Cryptographic Proof & Audit Software. Its primary akta.pro industry code is FSAGAMAJ, Digital Asset Risk, Security & Audit Tooling (Smart Contract Audit, Threat Monitoring), with a secondary code of FSAPACAE, Key Management Infrastructure (HSMs, key vaults, MPC/TSS key mgmt, rotation). Its NAICS code is 561621.