Factom, Inc., an Austin, TX-based blockchain as-a-service (BaaS) technology company, closed its $8.029m Series A funding.
Earlier during the Series A round, the company raised $5.326m from Draper Associates, Stewart Title, Overstock, Fenbushi Capital, and Plug & Play in October of 2016. Now, Peeli Ventures, Harvest Equity, and a number of local Austin investors added another $2.70m, closing out the round.
Led by Peter Kirby, Co-founder & CEO, Factom leverages blockchain technology to create secure and shareable software and systems for people and institutions to solve hard problems.
The company recently launched Factom Harmony, a product which aims to bring transparency and immutable audit records for the compliance in the U.S. mortgage industry.