# Tierion

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

- Industry: Software
- Headquarters: Hartford, US
- Website: www.tierion.com
- Total disclosed funding: $1M
- Latest round: Seed (May 5, 2016)
- Investors on record: 2

## About

Tierion is a technology company that offers blockchain-based solutions for data integrity and proof of existence, enabling businesses to verify and timestamp their data reliably.Founded in 2015 in Hartford, US, Tierion specializes in blockchain solutions, particularly through its flagship product, Chainpoint. The company was co-founded by Wayne Vaughan, who has a background in technology and entrepreneurship. In May 2016, Tierion raised USD 1 million in Seed financing, co-led by Blockchain Capital and Fenbushi Capital, with participation from Digital Currency Group. This funding marked a strategic move for the company, focused on enhancing its operations and expanding its market reach.Tierion primarily offers its flagship product, Chainpoint, designed to provide proof and assurance of data integrity by anchoring it to the blockchain. This service enables businesses to create timestamp proofs that verify the existence and accuracy of data at a specific point in time. Chainpoint addresses several use cases, including maintaining immutable audit trails for business processes, ensuring the integrity of data gathered from IoT devices, and providing timestamp proofs for digital documents. Clients range from businesses needing regulatory compliance to those seeking to issue blockchain verifiable credentials for educational and professional achievements. The company serves markets across North America, Europe, and Asia, facilitating a diverse clientele that includes both enterprise-level organizations and small to medium-sized businesses looking to simplify trust in their data management practices.Tierion generates revenue through a subscription-based model for its Chainpoint services, which allows clients to access its blockchain proof technology. Clients typically engage in direct partnerships, paying for tiered subscription plans based on their usage levels and specific service needs. The pricing structure is designed to accommodate various user requirements, ensuring businesses, regardless of size, can integrate blockchain verification into their operations. Flagship services include Chainpoint's document timestamping and IoT data integrity solutions, which attract a mix of corporate clients and developers seeking to enhance their data security measures. Transactions are generally executed on a recurring basis, allowing for ongoing access to Tierion's services as clients scale their operations.Following its Seed round of funding in May 2016, where Tierion raised USD 1 million, the company plans to utilize these funds to develop new products and enhance its existing offerings. Upcoming product enhancements are focused on improving Chainpoint’s functionality for both document timestamping and IoT data integrity solutions. Additionally, Tierion aims to expand its services into new geographic markets across Europe and Asia by the end of 2023, targeting industries with significant data integrity needs. The recent funding will support these expansion efforts and product development initiatives.

## Funding rounds

- Seed, May 5, 2016, $1M — Digital Currency Group, Blockchain Capital

## Investors

- Digital Currency Group (https://capitalatlas.ai/funds/digital-currency-group) — Seed
- Blockchain Capital (https://capitalatlas.ai/funds/blockchain-capital) — Seed