Yesterday, enterprise blockchain firm
BlockApps announced its successful Series A funding round. Investors in the startup include Fitz Gate Ventures, Elliptic Curve Ventures, Bloccelerate, Fenbushi Capital,
Galaxy Digital Ventures, and ConsenSys, an initial incubator of BlockApps. It will use the funding to expand its industry presence.
BlockApps claims its Ethereum-based STRATO offering was the first blockchain as a service (BaaS) platform. Since its launch on Microsoft Azure in 2015, it is in use by hundreds of partners including Fortune 500 companies. Indeed, BlockApps boasts relationships with
Bayer, ticketmaster, John Hancock, and United Airlines.
The platform is one of the few BaaS solutions available on Azure, AWS, and Google Cloud. BlockApps hopes to reach more and diverse sectors with STRATO and yesterday’s funding, such as healthcare, energy, agribusiness, and travel. For instance,
ALTEN Calsoft recently used STRATO to launch its clinical trial blockchain.
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