# Proof Data Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/proof-data-technology

- Industry: Software
- Headquarters: Whitehorse, Canada
- Website: www.proofgov.com
- Latest round: Seed (Jun 1, 2019)
- Investors on record: 7

## About

Proof Data Technology, Inc. offers a centralized software platform that enhances government operations through digital transformation, streamlining workflows and promoting data-driven decision-making.Founded in 2016 and headquartered in Whitehorse, Canada, Proof Data Technology, Inc. specializes in providing digital solutions for government agencies. The company has undergone a strategic pivot towards integrating comprehensive digital services for public sector clients. In January 2022, Proof was acquired by Daylight Automation, Inc., a portfolio company of Bessemer Venture Partners, Golden Ventures, and RTP Global, although the financial terms of the deal remain undisclosed. The firm has successfully completed two deals since its inception.Proof specializes in a centralized software platform designed to facilitate the digital transformation of government operations. Their core offerings include streamlining approvals, digitizing forms, and enabling one-click electronic signatures, all aimed at enhancing data-driven decision-making processes within government agencies. These solutions are designed to eliminate paper-based workflows, thereby improving efficiency and reducing administrative burdens. The company targets a diverse client base, primarily consisting of government entities at various levels, including municipal, state, and federal organizations. The products are deployed in multiple geographical markets, primarily across North America and Europe, catering to the unique needs of public sector institutions striving for modernization.Proof's revenue model is structured around subscription-based services, allowing government clients to access their digital platform through annual or multi-year contracts. Each subscription typically encompasses a range of features suited to the specific needs of the clients, such as document management, electronic signing capabilities, and data analytics tools. The firm may also engage in partnerships with governmental organizations to deliver tailored solutions that enhance workflow efficiencies and compliance. This business structure supports a predictable revenue stream as clients renew their subscriptions and seek additional functionalities over time.In light of the acquisition by Daylight Automation, Inc. in January 2022, Proof Data Technology, Inc. is expected to leverage additional resources for product development and market expansion. The company is focusing on enhancing its software offerings with new features aimed at facilitating greater interoperability among government systems. Plans are in place to increase its presence in both North American and European markets by the end of 2023, targeting specific regions where digital transformation initiatives are gaining momentum. Recent funding will be utilized to bolster these growth strategies.

## Funding rounds

- Seed, Jun 1, 2019 — Whitecap Venture Partners, Techstars, Globalive Capital, Two Small Fish Ventures, Panache Ventures, Concrete Ventures, N49P

## Investors

- Whitecap Venture Partners (https://capitalatlas.ai/funds/whitecap-venture-partners) — Seed
- Techstars (https://capitalatlas.ai/funds/techstars) — Seed
- Globalive Capital (https://capitalatlas.ai/funds/globalive-capital) — Seed
- Two Small Fish Ventures (https://capitalatlas.ai/funds/two-small-fish-ventures) — Seed
- Panache Ventures (https://capitalatlas.ai/funds/panache-ventures) — Seed
- Concrete Ventures (https://capitalatlas.ai/funds/concrete-ventures) — Seed
- N49P (https://capitalatlas.ai/funds/n49p) — Seed