Simba Chain, a South Bend, Ind.-based cloud-based, smart-contract-as-a-service (SCaaS) platform that enables users to implement decentralized applications (dapps) for blockchain, closed a $1.5m seed financing.
Participating in the round were Notre Dame’s Pit Road Fund, Elevate Ventures, First Source Capital, and individual angel investors.
The funding will be used to hire additional sales and development personnel to accelerate market rollout and support initial execution of a number of major government contracts, including one with the U.S. Air Force to secure its supply chain on battlefields and at home.
Co-founded by Joel Neidig CEO and Dr. Ian Taylor CTO, SIMBA Chain provides a cloud-based, smart-contract-as-a-service (SCaaS) platform enables users, developers, government, and enterprises to develop and deploy blockchain dapps for iOS, Android, and the web.
As part of the funding round, Bryan Ritchie will be joining the SIMBA Chain board of directors. Ritchie is a vice president and the Cathy and John Martin Associate Provost for Innovation at Notre Dame. He also leads the IDEA Center, the University’s hub for innovation and commercialization.