Codenotary, a Houston, TX-based provider of immutable data protection solutions, raised $6M in additional funding.
The funding, which brought total funding to $24m, was raised as an extension of the series B round in January 2022 of $12.5m. David Chen of Arrize xTec, was the lead investor based in the United Kingdom.
The company intends to use the funds to scale up sales in the U.S. and Europe as well as enter the Asian market.
Started in late 2018 by co-founders Moshe Bar, CEO, and Dennis Zimmer, CTO, Codenotary provides tools for notarization and verification of the software development lifecycle attesting to the provenance and safety of the code. The company provides an indelible solution for processing millions of transactions per second, on-premise or in the cloud, and with cryptographic verification. It gives developers a way to generate and attach a Software Bill of Materials (SBOM) for development artifacts that include source code, builds, repositories, and more, plus Docker container images for their software. The company is also the primary maintainer of immudb, an open source enterprise-class immutable database with data permanence at scale for demanding applications — up to billions of transactions per day.
FinSMEs
07/09/2022