Cypherock Wallet
Cypherock Wallet company profile covering its platform overview, team, funding, features, and milestones.
Singaporecypherock.comFounded 2018
About
Cypherock is a crypto security company focused on decentralized self-custody infrastructure and hardware wallet technology. The company is known for the Cypherock X1 hardware wallet, designed to remove single points of failure in crypto asset protection. Cypherock uses cryptographic key splitting with Shamir’s Secret Sharing to distribute private key shards across the X1 Vault and X1 Cards. Its ecosystem includes the X1 Vault, X1 Cards, cySync App, inheritance solutions, crypto swaps, and portfolio management features. Founded in New Delhi, India, Cypherock focuses on secure seed phrase management, non-custodial inheritance, and self-custody security for digital assets. Key Features of Cypherock: • Cypherock X1 splits private keys into 5 parts using Shamir’s Secret Sharing. • Key shards are stored across the X1 Vault and four X1 Cards to remove single points of failure. • Users can authorize transactions by tapping any one X1 Card on the X1 Vault. • Supports non-custodial inheritance setup without compromising privacy and control. • Includes support for DeFi and NFTs through WalletConnect. • Offers direct crypto swaps through the cySync application. • Compatible with BIP39 and distributed entropy generation for seed phrase management. Cypherock Milestones: Year Key Achievements 2018 Founded in New Delhi, India, by Rohan Agarwal and Vipul Saini with a focus on decentralized self-custody infrastructure and key management patents. 2022 Raised $1 million in a seed funding round co-led by Consensys Mesh, Infinite Capital, Gnosis, Sandeep Nailwal, and OrangeDAO. 2023 Open-sourced its architecture and completed product audits and reviews by Keylabs and WalletScrutiny. 2024 Released the redesigned Cypherock X1 hardware wallet with a 5-card cryptographic sharding mechanism and LCD confirmation displays. Launched Cypherock Cover for non-custodial asset recovery, inheritance planning, and PIN loss support. 2025 Partnered with Changelly to integrate non-custodial crypto swaps into the cySync application. Hosted students for the Summer of Bitcoin initiative.
Funding
- Seed RoundConsensys Mesh10,00,00001 Dec 2022
FAQs
- Cypherock is a crypto security company that develops decentralized self-custody infrastructure and hardware wallet solutions for digital asset protection.