491%
Raised
£983,610
Investors
696
Target
£200,000
Equity
18.50%
Pre-money valuation
£4,332,569

Hoptroff’s global Traceable Time as a Service (TTaaS) corrects and verifies inaccurate server clocks to microsecond accuracy so timestamp records of computer transactions are now trustworthy. This helps electronic deals execute successfully, reduces fraud risk and improves business efficiency.

  • Our patent pending AI software solution delivers time accuracy to 1µs
  • Timing hubs in London, Tokyo & NY linked globally by BT & BSO fibre
  • 9 financial services clients including a large North American bank
  • Designed to be compliant with tough new EU and US financial regulation

Idea

Time traceability is critical for all computer-based transactions. But clocks on servers in data centres don't all agree - transactions can fall apart or even be lost as a result. Computer time must be verified, traceable and synchronised accurately to avoid losses, improve efficiency and comply with Financial Services’ MiFID II and CAT regulations.

Our mission is to solve this problem. We have deployed a proprietary AI software solution which synchronises clocks on servers to the global standard of Universal Time (UTC). Our precise time feed is set by our atomic clocks in our time hubs in London, New York and Tokyo. We deliver the feed anywhere in the world over low latency fibre connections, with our partners BT and BSO Networks. Our easy to install software corrects computer's clock to UTC and verifies its performance.

Hoptroff’s TTaaS eliminates the need to install additional hardware in data centres and cuts customer cost and hassle. We already have 9 (8 renewing) financial services customers, and, working with our partners, are pursuing a pipeline of potential new customers.

We are fundraising to grow marketing and sales efforts, focusing on customers with the most accessible 165,000 Financial Services servers, and moving quickly on to exploit the global Financial Services market, which we estimate to be worth £0.7bn, and entering new markets such as TV broadcasting.

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Hoptroff London Limited has been given advance assurance by HMRC that the proposed share issue is likely to qualify for Enterprise Investment Scheme (EIS) tax relief.

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