Data Vault Holdings, a New York-based provider of a cloud-based platform for the delivery of branded data-backed cryptocurrencies, raised $30.5M in Series A funding.
The backers were not disclosed.
The company intends to use the funds to further accelerate growth, develop the platform’s comprehensive suite of tools for access worldwide, and scale its product across varying markets including Healthcare, Banking, Ecommerce, Entertainment, Collegiate and Professional Sports, Arts & Antiquities, Collectibles, Faith Based & Non-For-Profit Organizations and Corporations.
Data Vault provides businesses with the tools to monetize data assets securely over its Information Data Exchange (IDE). The company is in the process of finalizing the consolidation of its affiliates Data Donate Technologies, Inc., ADIO LLC, and Datavault Inc. as wholly owned subsidiaries under one corporate structure.