Data Gumbo, a Houston TX-based interconnected industrial smart contract network secured and powered by blockchain, raised $7.7M in Series B funding.
The round was led by Equinor Ventures with participation from Saudi Aramco Energy Ventures and L37.
The company intends to use the funds to establish a presence in the Middle East to cover the expected demand growth in the region and to scale Data Gumbo to serve demand for GumboNet™ and GumboNet™ ESG.
Led by Andrew Bruce, CEO, Data Gumbo provides GumboNet™ — an interconnected industrial smart contract network secured and powered by the blockchain. With integrated real-time capabilities that automate and execute smart contracts, GumboNet reduces contract leakage, frees up working capital, enables real-time cash and financial management and delivers provenance at speed and visibility.
Data Gumbo also provides GumboNet™ ESG, an automated and accurate sustainability measurement solution that ties a company’s operational data to environmental, social and governance (ESG) standards reporting for industrial supply chains.
The company also has offices in Stavanger, Norway.
FinSMEs
03/08/2021