Data management platform Fluree scores $6.5m in seed funding

Fluree, a secure data management solution, has scored $6.5m in seed funding, which was led by 4490 Ventures.

Other backers included ?Rise of the Rest, Good Growth Capital, Engage Ventures and former Venrock Managing Partner Ray Rothrock.

With the equity injection, the company is looking to further the development of its platform and build upon the growth of the company by adding more marquee customers.

The company, which was founded in 2016, is a data management platform that guarantees data integrity, supports secure data sharing and provides data-driven insights. Its technology creates a semantic graph database that insures data integrity that helps clients to build real-time applications.

4490 Ventures managing director Dan Malven said, ?Becoming data centric using current data management products is too difficult and expensive for 99% of the world enterprises. Not only does Fluree take out massive cost elements of becoming data centric, it enables a whole suite of new capabilities that not even the largest companies can build today without storing their data in a platform such as Fluree.p>

Copyright ? 2020 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.