Fluree, a Winston-Salem, NC-based company which has developed a graph ledger database and data pipeline toolset for data management and sharing, raised $10M in Series A funding.
The round was led by SineWave Ventures with participation from Eve Atlas, Augment Ventures, Nanban Ventures, Wave Financial, and existing investors Good Growth Capital and Rise of the Rest.
The company intends to use the funds to continue building data-centric infrastructure for its Web3 customers, and to assist enterprise organizations in data transformation journeys for upgrading legacy infrastructure into collaborative modern data platforms.
Co-founded in 2016 by CEO Brian Platz and Executive Chairman Flip Filipowski, Fluree provides a Web3 data management platform and AI-powered data-transformation pipeline, which guarantees data integrity, facilitates secure data sharing and empowers data-driven insights. The system organizes blockchain-secured data in a scalable semantic graph database — establishing a foundational layer of trusted data for connected and secure data ecosystems. Its foundation is a set of W3C semantic web standards that facilitate data interoperability.
Open-source software has powered the company’s growth. Today, it boasts more than 100,000 downloads of its software products with customers including the Department of Defense, Department of Education, enterprise businesses and startup companies.
Fluree’s merger with ZettaLabs, announced in September 2022, expanded the company’s offerings. For new projects that need digital trust and distributed data collaboration, the company provides secure graph ledger database product Fluree Core. For companies steeped in legacy infrastructure grappling with disparate data sets, data silos and outdated data-governance systems, they provide Fluree Sense, which will guide them toward a modern data architecture.
The customer base includes commercial partners including the Department of Defense, Web3 startups including Pravica, Fabric, and Logosphere.
FinSMEs
20/04/2023