Factom, Inc., the blockchain technology company that secures data via decentralization, has announced that it has raised a Series A round of equity funding led by Tim Draper of Draper Associates.
Peter Kirby, CEO and Co-founder of Factom, Inc., said: “We are delighted to have venture capitalists of such calibre help us build Factom. This round of funding allows us to aggressively grow the company and the underlying technology. We started Factom to build a more honest and transparent world using a pretty simple approach: create software that makes it impossible to change the past and point that software at places where it solves valuable business problems. This funding accelerates our progress down that road.”