Amberdata, a Palo Alto, CA-based provider for operationalizing public and private blockchain, closed a $2m round of venture capital financing.
Venture capital firm HWVP made the investment. In conjunction with the deal, Lars Leckie, general partner of HWVP, joined Amberdata’s board of directors.
The company intends to use the funds to accelerate the launch of its platform, offering instrumentation for blockchain infrastructure, application, and transactions.
Led by Shawn Douglass, co-founder and CEO, Amberdata is building a SaaS platform for monitoring, searching, analyzing and securing public and private blockchains and enabling operational intelligence for blockchain infrastructure, applications and transactions.
As businesses tackle the complexities associated with integrating blockchain into their existing processes, the company’s actionable insights, search and alerts allow them to monitor and support blockchain operations.