# GuardTime

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

- Industry: IT Security/Cybersecurity
- Headquarters: Tallinn, Estonia
- Website: www.guardtime.com
- Total disclosed funding: $8M
- Latest round: Seed (Jun 17, 2014)
- Investors on record: 2

## About

GuardTime is a digital security firm that specializes in leveraging blockchain technology for secure value exchanges in decentralized environments, aiming to enhance transparency and reduce fraud in various industries.Founded in 2006 in Tallinn, Estonia, GuardTime provides blockchain-based security solutions that ensure the integrity of digital transactions. The company was co-founded by Ahto Buldas, and currently, Mike G. serves as the CEO. GuardTime has raised a total of USD 8.00 mn, with its latest funding round being a Series A in June 2014 from Horizon Founders Capital. The company has completed 2 deals to date.GuardTime specializes in providing advanced digital security solutions that leverage blockchain technology to facilitate frictionless value exchange within a decentralized digital economy. Their core product offerings center around the tokenization of assets, enabling secure and verifiable transactions across various industries. Key use cases include supply chain management, data integrity, and identity verification, all aimed at reducing fraud and enhancing transparency in digital transactions. The company's solutions cater to a wide array of clients, including enterprises in finance, healthcare, and logistics, operating in global markets such as North America, Europe, and Asia-Pacific. GuardTime's products are designed to integrate seamlessly into existing infrastructures, ensuring that end-users can confidently engage in digital transactions with reduced risk.GuardTime's revenue model is primarily driven by B2B transactions, where they partner with enterprises seeking to implement blockchain technology for enhanced security and efficiency. The structure of these transactions typically involves subscriptions for their software solutions and professional services related to onboarding and system integration. In 2009, the company reported a revenue of USD 34,913.60, with an EBITDA loss of USD 10,808,770 for the same year. Clients engage with GuardTime through tailored agreements that align with their specific operational needs, resulting in ongoing revenue streams for the company.GuardTime plans to utilize its recent funding from the Series A round in June 2014 to enhance product development and expand its market presence. The company is focusing on launching new blockchain-based products aimed at improving digital transaction security and integrity. Additionally, GuardTime is targeting expansion into new geographic regions, including Asia-Pacific and Europe, with specific plans to enter these markets by 2025. The investment received is expected to support these initiatives, enabling them to scale their operations and product offerings effectively.

## Funding rounds

- Seed, Jun 17, 2014 — M12
- Series A, Apr 10, 2010, $8M — Horizon Founders Capital

## Investors

- Horizon Founders Capital (https://capitalatlas.ai/funds/horizon-founders-capital) — Series A
- M12 (https://capitalatlas.ai/funds/m12) — Seed