Textile, a San Francisco, CA-based app development platform on IPFS, raised $1.5m in seed funding.
The round was led by BlueYard with participation from Collaborative Fund, Multicoin, SystemOne, Coinbase Ventures, Starchain Capital, Jesse Clayburgh, Henri Stern, and others.
The funds will accelerate the business in three key areas:
– launch interoperable data connectors that will allow multiple, user-controlled applications to build and augment shared datasets for the user,
– accelerate the development of its core services for user data storage, user identity, authentication, and real-time data synchronization, and
– support the integration of Textile into 3rd party applications through both grants and engineering support.
Led by Andrew Hill, CEO, Textile provides a platform that allow app developers to leverage decentralized systems via a decentralized database, real-time synchronization, communications, remote backup and recovery, identity tools, and key management via APIs and SDKs.
The company, known for creating an early IPFS-based photo-sharing application, Textile Photos, is now releasing a suite of freely available tools to develop any application. Those tools, including the decentralized database technology called Threads, are already being leveraged by companies to build iOS, Android, and browser-based applications.