Evernym, a Salt Lake City, UT-based provides of Self-Sovereign Identity solutions, closed an $8M pre-series A funding round.
Backers included Barclays Ventures and Medici Ventures.
The company intends to use the funds to scale its offerings.
Founded in 2013 and led by President Steve Havas, Evernym offers a Self-Sovereign Identity platform that enables organizations and governments to issue, accept, and verify credentials that operate like a digital passport.
The company has already worked with over 50 organizations to take the concept from theory to reality. These organizations include ATB Financial, Barclaycard, Deutsche Telekom, Novartis, CULedger, Irish Life, Telus, the U.S. Department of Homeland Security, and three Canadian provinces.
In addition, Evernym is known as the inventor of Sovrin and for being the original contributor to the open-source Hyperledger Indy project at the Linux Foundation. The Sovrin Network now counts over 70 corporates and large organizations as stewards including Cisco, IBM, Deutsche Telekom and many other renowned institutions globally.
FinSMEs
26/09/2019