vChain, a Houston, TX-based Open Source company for tamperproof ledger solutions, closed a $4m equity funding round, bringing the total raised in the last six months to over $11m.
New and existing investors have participated in this capital increase.
The company will use the new funds to further expand sales operations in the U.S. and Europe, and to continue further development on its CodeNotary Ledger Compliance® solution, along with continued development for the Open Source immudb database.
Founded in late 2018 by CEO Moshe Bar, and CTO Dennis Zimmer, vChain provides an immutable and tamper-evident database solution that restores trust and integrity in today’s digital applications by giving developers a secure way to store data secure from changes or tampering.
With CodeNotary Ledger Compliance®, organizations can track changes to sensitive data in their core applications, such as bank or credit card transactions, and then record those changes permanently, in an immutable, auditable, and secure database, guaranteed by the same cryptographic verification of traditional distributed ledger solutions.
The core engine of CodeNotary Ledger Compliance® is immudb, an innovative, immutable ledger database, which was released earlier this year to the public under the Apache version 2.0 license.
vChain employs a team with deep expertise in trust and integrity technology, cryptography, distributed ledger technologies, immutable databases, and certificate management. It has a team distributed in over 10 different countries.