Altr, an Austin, Texas-based provider of a data-security platform, raised $15m in funding.
Backers included institutional and private sources in the cybersecurity, IT, and financial-services industries, including participation by angel John Stafford III, current CEO of Ronin Capital.
The company, which has just emerged from nearly four years of stealth, intends to use the funds to extend the reach of the platform into the enterprise and bring additional products and solutions based on its proprietary blockchain technology to market.
Led by CEO David Sikora, Altr provides a data-security platform, that unleashes the cybersecurity benefits of blockchain. Built on ALTRchain, a high-performance, enterprise-grade blockchain technology for ultra-secure data access and storage, the ALTR platform allows organizations to monitor, access and store critical information.
The company’s board of advisors includes:
– Mike Maples, Sr.,
– Fred Burton,
– Michael Hermus, and
– John Swainson.
Altr holds 8 patents and has more than 30 patents pending.