LockNest Group
LockNest Group manufactures and sells Locknest, a €150 physical hardware password manager device for French consumers (via Amazon) and enterprise buyers (via resellers), built on an STM32WB55 secure microcontroller with AES-256 offline storage and USB/Bluetooth connectivity, with no cloud dependency.
- Company typePrivate
- Founded2022
- HeadquartersIssy-les-moulineaux, France
- Headcount1–10
- GTM typeB2B and B2C
- OfferingHardware or Manufacturing
What LockNest Group does
LockNest Group is a French cybersecurity hardware company, incorporated as a SAS in Issy-les-Moulineaux on 25 May 2022 by Pierre Le Roy (President), Robert Wakim (Technical Director), and Marie Baudlot (Head of Product). The company designs, manufactures, and sells "Locknest," a physical password manager device shaped like a handheld key that stores authentication credentials (titles, usernames, passwords, URLs, descriptions) encrypted with AES-256 inside an STM32WB55 secure microcontroller. The device supports up to 512 entries, connects to PCs and mobile devices via USB or Bluetooth Low Energy, and is engineered to function without any cloud dependency — applications serve purely as interfaces that access data only when the physical device is actively connected. Cryptographic primitives include a hardware True Random Number Generator validated per AIS-31 BSI standards, TLS 1.3 for all communications, and a 7-digit master secret protected by a three-attempt ban mechanism that yields an estimated 13+ year brute-force resistance. A software ecosystem (web app, Chrome extension, Android and iOS apps) supports automatic form-filling and CSV import from ten competing password managers.
LockNest operates a hybrid go-to-market: consumer hardware is sold at €150 per unit (one-time purchase, free firmware updates) primarily through Amazon France, while enterprise and professional buyers are reached through a dedicated B2B/Pro page and a network of five authorized resellers (Comeca, Ithi services informatiques, Infomartix, Mosaïk IT, Terrenova) managed via distributor Marketime Hub. Positioning for the B2B segment emphasizes GDPR and NIS2 directive compliance, multi-factor authentication via physical key + master secret, and validation by the Direction du Renseignement et de la Sécurité de la Défense (DRSD). All current sales are confined to France; international sales are by request only.
The company is funded primarily through a March 2023 KissKissBankBank equity crowdfunding campaign that raised over €23,000 from 117 contributors, supplemented by non-dilutive French Tech Bourse (BPI France) and France 2030 laureate awards tied to admission into the Cyber Booster cybersecurity incubator in October 2024. Forward roadmap signals include a planned online backup subscription (double-encrypted credential storage on a private French server), over-the-air firmware-delivered FIDO2 and TOTP features, and possible direct-to-consumer website sales. No institutional venture funding or revenue figures have been publicly disclosed.
LockNest Group firmographics
Firmographics- Name
- LockNest Group
- Legal name
- SAS LockNest Group
- Website
- https://locknest.fr
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- LockNest Group manufactures and sells Locknest, a €150 physical hardware password manager device for French consumers (via Amazon) and enterprise buyers (via resellers), built on an STM32WB55 secure microcontroller with AES-256 offline storage and USB/Bluetooth connectivity, with no cloud dependency.
- Ownership category
- akta.pro rank
LockNest Group industry classification
Industry- Product category
- Hardware Password Manager
- NAICS
- Security Systems Services (except Locksmiths) (561621)
- SIC
- Computer Peripheral Equipment, Nec (3577)
- akta.pro primary industry
- Card Readers & Authentication Tokens (Smart Card, NFC, OTP Keys) (HDACAFAK)
- akta.pro secondary industry
- Authentication (MFA/Passwordless/Biometrics) Platforms (BPAMAEAE)
Keywords
Where LockNest Group is headquartered
LocationHeadquarters
- HQ city
- Issy-les-moulineaux
- HQ country
- France
- HQ region
- Europe
Offices1 record
Markets served
LockNest Group business model
Business model- GTM type
- B2B and B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Technology or R&D, Personnel, Marketing or Sales, Operations
Revenue model
- Hardware Sales (Locknest device): The primary revenue stream is the sale of the physical Locknest hardware device, priced at €150 (one-time purchase). The device is sold via Amazon marketplace (B2C) and through authorized resellers (B2B). Cable USB-C to USB-A is included. Software updates are free.
- Future Online Backup Subscription (planned): A future subscription service for encrypted online backup of Locknest data will be offered, allowing users to store a double-encrypted copy of their credential database on a private, French server for recovery purposes.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Pay-as-you-go | Locknest physical password manager — single SKU at €150 |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels7 records
LockNest Group product offering
Product offeringCore offering
LockNest Group designs, manufactures, and sells "Locknest," a physical handheld password manager device. The handheld key stores up to 512 encrypted credential entries using AES-256 hardware encryption on a STM32WB55 secure microcontroller, with no cloud dependency. It connects to PCs and mobile devices via USB or Bluetooth Low Energy using TLS 1.3, and is paired with companion software (web app, Android/iOS mobile apps, Chrome extension) that act as interfaces only. A separate "Locknest Pro" version targets businesses with GDPR/NIS2 compliance features.
Product overview
LockNest Group offers Locknest, a physical password manager device shaped like a handheld key. The product portfolio consists of the core Locknest hardware device paired with multiple software interfaces: a web application, Android and iOS mobile apps, and a Chrome browser extension. The Pro version targets enterprise customers with enhanced compliance features. A planned online backup subscription service will provide cold storage for encrypted data recovery. All software interfaces serve solely as display mechanisms for data stored on the physical device, with no data retention in the applications themselves.
Differentiator
Problem solved
Functional benefit
Products and services
- Locknest Physical Password Manager Handheld physical password manager device in the form of a USB/Bluetooth key that stores up to 512 encrypted credential entries (titles, identifiers, passwords, URLs, descriptions) using AES-256 hardware encryption on an STM32WB55 secure microcontroller. Connects to PCs (Windows, macOS, Linux) and mobile devices (Android, iOS) via USB and Bluetooth Low Energy using TLS 1.3, with paired web app, mobile apps, and Chrome browser extension acting only as interfaces. Targets privacy-conscious individual consumers in France. Sold at €150 one-time price.
- Locknest Pro (Enterprise Password Management)
Quantifiable outcome
- Brute-force attack time: 13+ years to crack the 7-digit master secret, given 10-minute ban after 3 failed attempts.
- +3 more outcomes
Companies that use LockNest Group
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles2 records
LockNest Group technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration10 records
Feature7 records
LockNest Group partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered flagship and core.
- Cyber Booster (cybersecurity startup incubator)flagshipLockNest Group was selected as a laureate of France 2030 and admitted into Cyber Booster, a dedicated cybersecurity startup incubator. This partnership provides access to mentorship, resources, and the French cybersecurity ecosystem to accelerate growth.
- DRSD (Direction du Renseignement et de la Sécurité de la Défense)flagshipThe DRSD tested and validated the Locknest security solution, providing credibility for enterprise and government-facing sales. This endorsement is featured prominently on the B2B/Pro page.
- Marketime HubcoreMarketime Hub is the distributor partner managing the network of authorized resellers (Comeca, Ithi services informatiques, Infomartix, Mosaïk IT, Terrenova) for Locknest B2B/Pro sales in France.
Scale indicators7 records
Recent moves7 records
Expansion highlights6 records
LockNest Group competitors and assessment
Company assessmentBroad incumbents
- Bitwarden: Bitwarden is a leading cloud-based password manager serving both consumers and enterprises with cross-device sync and a free tier. It is one of the largest incumbents in the category that LockNest competes with via an offline hardware alternative, and LockNest already supports CSV import from Bitwarden.
- Dashlane: Dashlane is a cloud-based password manager with consumer and enterprise offerings. Like 1Password and Bitwarden, it competes with LockNest for password management use cases; LockNest already supports CSV import from Dashlane.
- 1Password: 1Password is a major cloud-based password manager widely used by consumers and enterprises. It competes directly with LockNest at the use-case level, and LockNest already supports CSV import from 1Password.
Emerging players
- Token2: Token2 is a Swiss vendor of hardware MFA tokens and password reset devices using secure elements. It is an emerging player in the physical authentication token space that overlaps with LockNest's hardware MFA positioning, though with stronger enterprise/SWIFT focus.
Direct peers
- Nitrokey: Nitrokey produces open-source hardware security keys and smart cards for password storage, encryption, and two-factor authentication. It overlaps directly with LockNest as a physical, offline credential and authentication device, with a strong emphasis on open-source transparency.
- Ledger: Ledger manufactures hardware wallets (Ledger Nano) that store private keys and credentials offline on a secure element. While focused on cryptocurrency keys rather than website passwords, the offline-first secure-element hardware architecture and retail consumer distribution model are highly comparable to LockNest.
- Yubico: Yubico is the leading manufacturer of hardware authentication keys (YubiKey) used for MFA, passwordless login, and FIDO2/WebAuthn. It is the most direct comparable to LockNest as a physical, offline credential and authentication token, though it targets enterprise and developer use cases at much larger scale.
- Feitian Technologies: Feitian produces hardware authentication tokens (OTP keys, FIDO2 devices, smart card readers) for enterprise and consumer MFA. It is a direct peer to LockNest in the physical authentication token category, with broader enterprise distribution and product range.
- OnlyKey: OnlyKey is a hardware password manager and authentication key that stores credentials offline and supports multiple OTP protocols and FIDO2. Like LockNest, it is a USB/BLE physical device designed for users who want offline credential storage, though OnlyKey is open-source and US-based.
- Trezor: Trezor (SatoshiLabs) is a hardware wallet manufacturer whose devices store sensitive credentials offline using secure hardware. The product category and threat model are similar to LockNest, although Trezor focuses exclusively on crypto seed phrase and key storage.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
LockNest Group social profiles
Digital presenceLockNest Group compliance and trust
Trust signalCompliance2 records
LockNest Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
LockNest Group leadership team
Management profileNumber of profiles
Profiles3 records
LockNest Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
LockNest Group 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 LockNest Group
What does LockNest Group do?
LockNest Group designs, manufactures, and sells "Locknest," a physical handheld password manager device. The handheld key stores up to 512 encrypted credential entries using AES-256 hardware encryption on a STM32WB55 secure microcontroller, with no cloud dependency. It connects to PCs and mobile devices via USB or Bluetooth Low Energy using TLS 1.3, and is paired with companion software (web app, Android/iOS mobile apps, Chrome extension) that act as interfaces only. A separate "Locknest Pro" version targets businesses with GDPR/NIS2 compliance features.
Is LockNest Group a public or private company?
LockNest Group is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was LockNest Group founded?
LockNest Group was founded in 2022. It employs 1 to 10 people.
Where is LockNest Group based?
LockNest Group is headquartered in Issy-les-moulineaux, France, in the Europe region.
How does LockNest Group make money?
Two revenue lines are on record. Hardware Sales (Locknest device) is the primary driver. The others are future Online Backup Subscription (planned).
Who are LockNest Group's main competitors?
Broad incumbents on record are Bitwarden, Dashlane and 1Password. Token2 is listed as an emerging player. Direct peers are Nitrokey, Ledger, Yubico, Feitian Technologies, OnlyKey and Trezor.
Does LockNest Group have an API?
No public API is recorded for LockNest Group.
What industry is LockNest Group in?
LockNest Group's product category is Hardware Password Manager. Its primary akta.pro industry code is HDACAFAK, Card Readers & Authentication Tokens (Smart Card, NFC, OTP Keys), with a secondary code of BPAMAEAE, Authentication (MFA/Passwordless/Biometrics) Platforms. Its NAICS code is 561621 and its SIC code is 3577.