# Factom

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/factom

- Industry: IT Security/Cybersecurity
- Headquarters: Austin, US
- Website: www.factom.com
- Total disclosed funding: $8.8M
- Latest round: Series A (Apr 18, 2017)
- Investors on record: 11

## About

Based in the US, Factom Inc. is a blockchain technology company focused on providing data integrity and management solutions through its innovative products, particularly the Factom Protocol.Factom Inc. was founded in 2014 in Austin, US, and aims to enhance data security through blockchain technology. The company has successfully closed a total of 7 deals, with its most recent deal occurring on August 6, 2018, when it raised USD 6 mn in venture funding. Paul Snow serves as the CEO of the company.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. Released in 2015, the Factom Protocol has positioned itself as a transformative tool for organizations seeking to enhance their data management capabilities while ensuring compliance with regulatory standards.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. Factom's products are essential for organizations that prioritize data security, allowing them to leverage trademarked features of the Factom Protocol to enhance their operational frameworks.In August 2018, Factom Inc. raised USD 6 mn in funding to build out and scale its Software-as-a-Service platform. 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.

## Funding rounds

- Series A, Apr 18, 2017, $3.8M — Peeli Ventures
- Series A, Feb 7, 2017, $0.8M — Pelion Venture Partners
- Series A, Aug 31, 2016, $4.2M — Plug and Play, Draper, Fenbushi Capital, China Canada Angel Alliance, Bnk To The Future, PropertyInfo Corporation, Tospring Technology Ltd, Star Vista Capital, CashBUS

## Investors

- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Series A
- Draper (https://capitalatlas.ai/funds/draper) — Series A
- Fenbushi Capital (https://capitalatlas.ai/funds/fenbushi-capital) — Series A
- China Canada Angel Alliance — Series A
- Bnk To The Future — Series A
- PropertyInfo Corporation — Series A
- Tospring Technology Ltd — Series A
- Star Vista Capital — Series A
- CashBUS — Series A
- Pelion Venture Partners (https://capitalatlas.ai/funds/pelion-venture-partners) — Series A
- Peeli Ventures (https://capitalatlas.ai/funds/peeli-ventures) — Series A