Yesterday blockchain data startup Vendia announced it raised a $30 million Series B led by NewView Capital, including investment from BMW iVentures, amongst several others. BMW also participated in the startup’s Series A round last year, with $50 million raised since its founding in March 2020.
Vendia’s mission is to enable real-time data sharing across corporate data silos in a permissioned manner. Co-founded by Tim Wagner, former Coinbase VP of Engineering and ex-general manager of Amazon’s serverless offering, AWS Lambda, Vendia takes a different approach to enterprise blockchain applications by providing a serverless blockchain platform. It views the server nodes required by other enterprise blockchains such as Corda, Fabric and Quorum as a performance limitation. Just as important, managing the blockchain server and tech stack is considered by many as a major hurdle to adoption.
“Companies across all industries are struggling to manage and share business-critical data in a secure and scalable way that also allows for a single, shared platform across partners,” said Ben Fu, Partner at NewView Capital. “The market need for next-gen blockchain solutions like Vendia is undeniable.”
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
