Stratumn, a Paris, France-based provider of network solutions securing processes between enterprises and their stakeholders through blockchain technology and advanced cryptography, raised €7M in series A funding.
The round was led by Open CNP, the Corporate Venture arm of CNP Assurances, with the participation from Nasdaq, Digital Currency Group and existing investor Otium Venture.
The company intends to use the funds to accelerate development and expansion into the U.S.
Founded in Paris in 2015 by Richard Caetano, an American entrepreneur, Stephan Florquin and Sebastien Couture, Stratumn provides companies with the Proof of Process Technology platform to secure and streamline regulatory and compliance procedures, improving customer privacy and data protection, while reducing operational and back office costs.
The company’s suite of network solutions provides organizations with an efficient way to streamline and secure the exchange of data between partners, customers, and regulators.
Stratumn has already developed more than 10 projects with large companies such as CNP Assurances, Allianz France, Nasdaq, Thales, Bureau Veritas or Bouygues Immobilier.