As a blockchain startup focussing on properties (and how to secure them), Bitmark has secured a 3 million dollar series A funding. The company will use these funds to enhance its sales and marketing effort.
First seen on PR Newswire, it appears several giants are involved in this funding:
Taiwanese giant HTC led the investment round with participation from existing and new investors Alibaba, WI Harper, and DCG.
In the past, Bitmark raised $1.7 million seed funding with Cherubic Ventures leading the round. In total, including this round of funding, the company has raised $4.7 million.
Apart from this, Bitmark is also one of the 12 teams selected for the Berkeley Blockchain Xcelerator program (link).
Founded in 2014, Bitmark has been helping users establish legal control and value over data, so one can establish property rights and prove the ownership. It does it through the “bitmark certificates” that defines digital property and secures ownership over blockchain.
Recently, Bitmark is also allowing researchers to run AI and machine learning on existing data without giving direct access to it. This way the owner’s data is always protected from any unknown leaks or hacks.