Points Technology, a Chinese blockchain and AI startup, raised a multi-million US dollar worth Series A financing.
The investment was made by K2 Venture Partners.
The company will use the funds to continue to invest into R&D while opening up its offerings to more clients in financial service sectors and beyond. The company intends to use the funds for continuous product research and development and further commercialization.
Founded in 2017 by Sarah Zhang, CEO, Points Technology provides a high performance and configurable blockchain-based confidential computing framework. The platform enables governments, financial service firms and Internet companies to jointly develop machine learning model and perform analysis without exposing the original data to each other. Meanwhile, it leverages blockchain for data traceability and audits. The company is a leader in the field of DLT & private AI with product deployment with a number of major financial institutions. The startup is backed by K2VC, Cherubic Venture, Ceyuan & NestBio and received strategic investment from China’s leading credit tech company, China ChengXin Credit. Points Technology has operations in Beijing, Shanghai and Shenzhen.