This week, U.S.-based blockchain firm
SIMBA Chain announced it completed a $1.5 million seed financing round from Notre Dame’s Pit Road Fund,
Elevate Ventures, First Source Capital and individual angel investors.
SIMBA Chain offers a cloud-based smart contract as a service platform to enable enterprises to deploy decentralized applications (dApps) for blockchain speedily. The company said it would use the funding to build a sales team to accelerate its market rollout and support initial execution of several major government contracts, including one with the U.S. Air Force.
Founded in 2017, SIMBA Chain was borne out of a grant awarded by the Defense Advanced Research Projects Agency (DARPA) to the computing department of the University of Notre Dame and Indiana Technology and Manufacturing Companies (ITAMCO). It has since transformed into a full-fledged company, and last year participated in Microsoft’s Inspire conference and Disrupt Berlin.
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