Since its founding in 2021, the IMHOIT team has focused on the development of security software and hardware that guarantees the integrity of critical data, contributing to operational efficiency and risk mitigation in various industrial sectors.
IMHOIT works to ensure that the data captured and transmitted by IIoT sensors is secure, authentic and immutable, allowing for informed business decisions protected against cyberattacks.
IMHOIT is facing a technological landscape where cyberattacks on IIoT devices have grown exponentially. With an increase of 300% in 2019 and recent reports that indicate a tripling of attack traffic, reaching 3 billion events in half a year, the company recognizes the urgency of protecting data in an increasingly vulnerable environment and with critical operations that increasingly rely on data for automated and real-time decision-making. Its solutions are designed to prevent data manipulation and maintain authenticity over time, vital for creating trust in operations of the increasing variety and complexity of both IIoT devices and all the software and hardware equipment linked to data, crucial in industries as varied as health, manufacturing, finance and energy.
One of the developments that IMHOIT highlights is “Safe LION”, an advanced system for preventing thermal overflow in lithium-ion batteries, which has reached level TRL 7. This innovative project won first place in the DigiPrime 2023 Consortium, demonstrating IMHOIT's ability to create cutting-edge technologies with practical applications in security and energy efficiency.
The company's mission is to ensure that decisions based on data are accurate and immutable over time.
The team behind the success of IMHOIT
The success of IMHOIT would not be possible without the leadership and experience of its management team, who provide a unique mix of knowledge in technology, business and finance:
- Julio Alfredo Botto (CEO): With an outstanding career in business and technology, Julio Botto leads IMHOIT towards innovation. Before co-founding IMHOIT, Julio managed Cloudspace SRL in Argentina and played strategic roles in the expansion of the Cloudspace Group in the United States, Chile and Peru. His experience also includes collaborations with important companies on a global scale. It also manages the management of Sectorhosting LLC.
- Laura Viviana Donadio (Commercial Director): Co-founder of IMHOIT, Laura brings more than two decades of experience in the insurance and finance industry. She has held leadership positions at SMG LIFE Seguros de Vida S.A and has worked as an insurance and financial planning advisor at HSBC. His strong track record in finance and insurance is crucial to IMHOIT's business strategy.
- Ricardo Lavergne (Director of Innovation): With more than 30 years of experience in IT consulting, Ricardo Lavergne has been a pillar in IMHOIT's technological innovation. Previously, he was CINO at Grupo Cloudspace, where he applied his vast experience to drive digital transformation.
- Silvio Favaro (Development Director): Silvio has significant experience in developing software for devices (firmware), being involved in platform development. His more than 35 years in the IT sector, together with his achieved seniority and the diversity of projects designed and executed, make him a fundamental link for IMHOIT's innovation and disruption projects.
- David Belgoff (VP of Strategic Alliances): David is an expert in Blockchain and cybersecurity, and he is also a professor at ISDI and UPF Barcelona School of Management. David is also the co-founder of LICENS3D, a company that uses Blockchain technology to protect intellectual property. Their experience is vital to IMHOIT's strategic alliances and technological expansion.
- Javier Gomez Pescuma (Business Developer): Javier, CEO of EasyGoSmart, brings a combination of knowledge in electronic engineering and business development. His experience in databases for IoT platforms is fundamental to the growth of IMHOIT in the technological field.
Achievements and future projections
Despite its short lifespan, the company has emerged as a leader in innovation in emerging technologies, recognized for its participation in awards and calls.
IMHOIT has not only stood out for its technological solutions, but it has also received important awards, being part of the private consortium of the call MSCA Doctoral Network 2024, ensuring both funding for a doctoral student from a prestigious university in the European Union, and the development of sensors to feed predictive models on the impact of waste resulting from certain mining projects. This achievement underlines IMHOIT's excellence in research and its commitment to training and developing new talent in the field of IIoT technology.
International Expansion and Growth Prospects
With a view to strengthening its global presence, IMHOIT plans to open a new subsidiary in Dammam, Saudi Arabia, under the name of IMHOIT MENA, in the second half of 2024. This strategic expansion will allow them to penetrate key markets in the Middle East and North Africa, dynamic regions with a growing demand for secure IIoT solutions. It currently has a commercial representation in Dubai and Abu Dhabi, responsible for laying the foundations for the opening of a subsidiary in the United Arab Emirates in the first half of 2025.
IMHOIT develops each project based on the result of an initial consulting phase, which provides important contextual information about the weaknesses that must be strengthened and, therefore, secured.
Its B2B business model is adapted to the specific needs of each customer, offering customized solutions that guarantee operational efficiency and safety.
The innovative solution offered by IMHOIT is designed to address a global problem, positioning the company on a path of significant growth and expansion. This ability to impact a global problem not only underlines the relevance and urgency of IMHOIT solutions, but also highlights their potential to adapt and respond to diverse needs and contexts at the international level.
How has Intelectium helped them?
Intelectium has collaborated with the Imhoit team in the application and presentation of Enisa Digital Entrepreneurs, which together with their first capital increase from the founders themselves, will allow them to accelerate their growth and consolidate their position in the market, including:
- Strengthening the R&D team: Enisa's support will allow IMHOIT to maintain and expand its research and development team, essential to take its projects from level TRL 7 to TRL 9. With these resources, IMHOIT can ensure that its specialized R&D personnel continue to innovate and improve its technological solutions.
- Visibility at industrial events: Active participation in specialized fairs, congresses and events is vital to IMHOIT's B2B strategy. Enisa's funding will facilitate its presence in these spaces, strengthening its brand and creating valuable networking and strategic collaboration opportunities.
- Development of Own Hardware and Industrial IoT Firmware: This investment will allow them to offer customized solutions, improve security against cyberattacks and maintain intellectual property, giving them a competitive advantage in the market.
We will keep you updated on the company's news!
More information about the lines of public funding that the company has requested:
Enisa Digital Entrepreneurs
La Línea Enisa Digital Entrepreneurs 2024 offers participatory loans of between 25,000 and 1.5 M€ to co-finance the strategic plan for the coming years.
- Main requirements: Own funds must be at least equivalent to the amount of the loan. Enisa Digital Entrepreneurs is a line of funding with the objective of supporting and promoting female digital entrepreneurship projects and reducing the gender gap, so projects must be led by one or more women, who hold a position of leadership or power within society, whether in the shareholding, in the management body or as part of the management team.
- Interest rate: A first tranche with Euribor +3.75% and a second tranche with variable interest depending on the company's financial profitability, with an established maximum limit of an additional 8%.
- Commissions: Opening commission of 0.5% of the capital granted.
- Expiration: The amortization of the loan is up to 9 years, including the grace period that lasts up to 7 years.
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