Factom
Latest round
- Series A
Last raised
- Apr 2017
Total raised
- $8.8M
Investors
- 11
About Factom
Based in the US, Factom Inc.Factom Inc. was founded in 2014 in Austin, US, and aims to enhance data security through blockchain technology.Factom specializes in blockchain-based data integrity and management solutions, with its flagship product being the Factom Protocol. This technology allows organizations to secure, audit, and verify data in real-time, effectively addressing the challenges of data tampering and loss. Factom's solutions serve a diverse clientele, including businesses in finance, healthcare, and supply chain management, who require reliable data integrity for compliance and operational efficiency. The company strategically targets markets in North America, Europe, and Asia-Pacific, focusing on sectors where data security and verification are paramount.Factom generates revenue primarily through partnerships and direct sales of its blockchain solutions to businesses. The transactional structure typically involves long-term contracts for enterprises seeking to integrate Factom’s technology into their existing systems, often taking the form of subscription models that provide ongoing access to the platform and its updates. Clients may also engage in customized solutions tailored to their specific data integrity needs, establishing a consistent revenue stream for Factom. Pricing models are designed to accommodate a range of business sizes and requirements, enabling a scalable approach for customers.In August 2018, Factom Inc. The company plans to introduce new products aimed at enhancing data management capabilities and expand into new geographic markets, particularly targeting additional segments in North America, Europe, and Asia-Pacific by the end of 2023.
Who invested in Factom
11 investors across 3 rounds
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Questions about Factom
Who invested in Factom?
Factom has 11 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Factom raised?
Factom has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Factom last raise money?
Factom's most recent round on record is a Series A, in Apr 2017.
What does Factom do?
Factom is a it security/cybersecurity company.
Where is Factom headquartered?
Factom is headquartered in Austin, US.
Which VCs invest in companies like Factom?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back it security/cybersecurity companies at Factom's stage. Their profiles are linked below.
VCs backing it security/cybersecurity startups at Series A
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