Evernym, a Salt Lake City, UT-based developer of self sovereign identity technologies, raised funding from Outlier Ventures.
The amount of the deal was not disclosed.
Founded in 2013 by CEO Timothy Ruff, Evernym develops self sovereign identity technologies and is the inventor of Sovrin, a global public utility for decentralized exchange of verifiable claims.
Using the properties of Sovrin, the company builds SaaS services and applications that enable people, businesses and connected devices to securely control their own identity data, choosing when, with whom and how much they wish to reveal in any given exchange.
This technology forms the basis of applications Evernym is building for a number of partners including the US Department of Homeland Security, the UK’s healthcare system and a number of global financial institutions.
The company’s SaaS services and applications are built atop the Sovrin Network, which is thought to be the world’s only distributed ledger purpose-built for self sovereign identity and the exchange of verifiable claims. The Sovrin Foundation is guided by a constitutional “Trust Framework,” conceived with the Sovrin network’s enduring independence as its primary objective.