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Nornir - Real Time Web

Nornir - Real Time Web

Decentralized AI Infrastructure for Web; establishing the event-driven linking network standard

Oslo, Oslo, NO

internet, network, semantic web, artificial intelligence, ontology, neural networks, blockchain technology, neural network, technology networking

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Reservations

$620,000 of $1,500,000
Equity

Nornir - Real Time Web is raising $1,500,000 with a minimum reservation of $20,000. Numbers displayed include non-binding reservations before investors are verified, signed, or closed.

Highlights

  • Potensial the highest ROI opportunity available
  • Management team with previous exit experience
  • R&D backed by 20% tax reduction by Norwegian state

Elevator Pitch

New Internet - The physical world like sensors embedded into smart objects, become plug & play with online services.

Traction

Finished: Pilot Steinkjer municipality (Norway).

August, 2017

Signed Health&Care platform. Development of Intelligent system for hospital using Real Time Web to connect people and devices in hospitals.

June, 2017

Pilot project for intelligent coffee machine. Using Real Time Web to connect coffee machines to predictive maintenance services.

October, 2017

Signed NDA with international airport. Upcoming project.

December, 2017

Signed agreement for developing AI system for newspaper group.

November, 2017

Signed deal with Norwegian company developing IoT safety system for kids.

December, 2017

Company Slideshare

Frequently Asked Questions

How is Real Time Web network compared to Blockchain?

Both Web and Blockchain are distributed systems. Real Time Web is an enhancement of the web linking network. Real Time Web is a heterogeneous network like the web. Nobody owns nor controls the network. The network grows by adding more domains (URLs) to itself. Blockchain is not a heterogeneous network so it is not comparable as a self growing network. The technology behind Real Time Web also enables event driven networks and data distribution. This can be applied to Blockchain networks to increase speed and enhanced the distribution of data. But since linking technology on web is a far better network for sharing information/data and the physical infrastructure is in place globally, we don't see any reason to spend time enhancing Blockchain at this point.

How will Real Time Web scale?

Like World Wide Web, Real Time Web (RTW) scales when a domain or service is created in the network and becomes addressable (linkable) with a unique url. Our strategy is to trigger and facilitate a self scaling mechanism among developers. Therefore, getting developers from all around the world to innovate, create and build new services is the key to scale. To facilitate this growth Nornir will launch a series of developer tools.

Why would developers be interested in Nornir's developer tools?

Nornir specializes in developing tools for developers enabling them to create services using bidirectional links and access the network kernel. These new tools help developers by removing the need for middleware and server side development when creating any advanced IT services. The new Linking technology follows the web standard and can potentially become the future standard for the web and AI development. The time spent on IT development will be reduced drastically for both hardware and software development. Instead of spending month on developing API and middleware, the integration and data that is shared between services can be done in minutes or be done autonomous by machines.

Who has used these tools so far and what has been their response?

The tools are not launched for the public market yet, but they are available for our B2B projects and partners. The tools are perceived as easy to use and alter the way developers think while developing new systems. Being introduced to our tools it feels rather outdated and laborious going back to old practice; like driving a car compared to horse and wagon. Once you started using our tools, you don't want to go back.

Are there any other developer tools like yours in the market?

No, our tools have been designed and based on our innovation SynxBIOS (distributed runtime kernel), which enables event driven networks and bidirectional linking. Web today and TCP/IP stack does not offer such features. We have made, and will continue to develop supporting tools for developers with these new features. The closest initiative to build similar solution is the Solid project (https://solid.mit.edu/).

Do you have any video demos of the product in action on the Internet?

Nornir will publish several training videos closer to launch of our developer community. Following we expect developers around the world to create many cool videos on rapid IoT prototyping of future services. Including global developer communities is one of Nornir's main sale strategies.

Is there an early release version we can download and test?

Yes on request, but it's only accessible to our partners officially. Today we make money on B2B deliverables. Once we manage to close funds we will launch our tools for the public market and go global.

Do you plan to IPO, sell to M&A, or remain private forever?

Going forward and when we gain growth we plan to spin out our tools in separate companies in the horizontal market. Additionally, we plan to spin out Nornir IoT market to several vertical industries like Oil&Gas, Health&Care, Logistics, Airport and more. This provides multiple exit opportunities for investors both in horizontal and vertical markets. Nornir will become mother company for our spin off´s

Apart from crowdfunders, who else is investing?

Existing shareholders and angel investors will join this round. We expect 200K-500K to be invested by local investors.

Can anyone easily copy Nornir's developer tools and make their own network?

No. It's very tricky to develop our technology since you have to have full stack overview of all network layers to understand how to implement the frontend layer. However, once our technology is public available we expect several research labs to try reverse engineer our tech, risking they will launch competitive networks. We're predicting at least 1 year head start from launch day. One of the key benefits that has been solve by our invention is that the network is heterogeneous. This is the essence of a self scaling network that is not controlled by one single entity. The web is a good example of this where one company cannot control the whole network. This is also something that has not been solved by Blockchain since you have to be part of the same network entity to be able to secure the transaction.

What will Nornir be like in 5 years?

Web is the biggest market in the world and RTW will be in symbiotic relationship and big part of it. Nornir will be the leading tech company in the world. We just acquired Google. :-)

What are the biggest goals for you before series A?

We need to close this round to be able to prepare a larger series A. The company will focus on doing reference projects and make money to build credibility. We are lucky to have already started these projects with large high end clients.

How many months can you last with this round of funding?

This round will secure the B2B initiatives in Nornir. Establishment of Synx company. Prepare series A which will fund public launches. Nornir will break even in June.

Are there any room to join the team?

We are always looking for new talented and experienced colleagues to join the team. We are also looking for potential partners that want to conquer the world with us. The team of Nornir today consists of several veteran entrepreneurs who have built and sold businesses before. Nornir’s board of directors consist of Gaetan Japy (NetValue) and Arne Peder Blix (Accurate Equity, MeaWallet). The founders Paal Kristian Levang and Henrik Silverkant are experts in distributed systems, large transaction engines, cybersecurity, and military grade security systems. And the chief commercial officer, Halvor Kalve, is a serial entrepreneur and co-founder of an international software development company (Correlate).

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