Revelator, a Tel Aviv, Israel-based provider of rights administration for digital assets, raised $2.5m in Series A funding.
The round was led by Exigent Capital with participation from Digital Currency Group and Reinvent.
The company, which has raised $5.5m to date, will use the funds to expand its current offerings and introduce new features.
Founded in 2013 by Bruno Guez, CEO, Revelator provides a SaaS-based data analytics platform that sources the use of digital assets to enable real-time transactions and micro-payments, ensuring the correct identification and distribution of payments to artists and rights holders. The solution utilizes blockchain technology to allow rights owners the ability to license, distribute, track and manage content across multiple platforms, thus increasing the reliability and accuracy of compensation for digital assets. Additionally, the platform allows artists and rights holders to receive full reports of how, where and when their music is being consumed.