Custos Raised 5.9M Rand to Fight Piracy with Bitcoin Bounties

, Income


Pirates be careful! Stellenbosch-based anti-piracy startup, Custos Mass media Technologies, provides?developed a take care of we have Advancement Firm (TIA) of Africa to assist it increase and provide their helps into a broader market place. Beneath the contract, TIA will give you any financing injection associated with Your five.Nine trillion rand, or about $407,000 USD, to the start-up in the up coming couple of years.

Custos Fighting Computer software Piracy

Custos very first declared their particular plan throughout July 2015 to combat custoscopyrighted movie piracy on-line simply by \”turning downloaders from the uploaders,Inch by having a compilation of bitcoin bounties. The particular inventive strategy necessitates their particular group to upload is aware because of these bounties, as watermarks, within just movies and movies just before these are shared by the studio. Because the movie first will come on the bit-torrent site, the very first downloader will probably be incentivized economically to “rat out” your uploader.

Deploying the actual service is easy. When Custos-enhanced press results in the main facilities for any quantity of motives, the inventors can hunt down almost all replicates fake through the authentic by using Custos\’ totally free device. Together with halting the herpes outbreak one of the . torrent circle, the actual service can also help prevent the particular trickle at its source by identifying your copy that\’s discussed as well as remembering the timestamp with the very first expressing.

The Funding Agreement

Created simply by an act with the South Cameras Parliament about Nov Twenty-four, 2009, TIA is surely an motivation of the Department regarding Scientific disciplines & Technology (DST).

GJ truck Rooyen, the actual Boss associated with Custos mentioned in the latest declaration:

Custos\’ COO, James Lutz, confirmed inside a assertion just how TIA funds will be utilized, stating that \”the TIA offer allows us to right away increase we,Inches and also additional in which \”their funding specifically sustains technological advancement, which is wherever we have to target right now.\”

This may be the third occasion that Custos provides guaranteed financing. Captured, the corporation concluded a new circular involving loans with traders which include Innovus Technological innovation Exchange — that is belonging to Stellenbosch University or college — New York’s Electronic Forex Party, along with a To the south Cameras angel entrepreneur.

12 Zillion Rand within Funding

To time, the corporation offers received 14 rand trillion within resources. TIA TIAhas currently purchased the company when, supplying 500,000 rand inside seed money, generating his or her Five.In search of thousand rand info the next occasion they\’ve backed Custos.

\”We are privileged to own elevated near R12m with regard to Custos to date, almost all of the idea coming from local investors,\” Truck Rooyen said. \”The founding stockholders nevertheless individual more than 73% with the organization, allowing all of us to make use of our own offered cash towards the unique eye-sight C preserving innovative market sectors eco friendly in a age wherever almost all distribution channels have become digital camera.\”


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