French blockchain start-up Stratumn has raised $7.9m in Series A funding round

By Callum Rivett
French blockchain technology start-up Stratumnhas succeeded in raising the largest ever funding round in the European blockchain and data security indus...

French blockchain technology start-up Stratumn has succeeded in raising the largest ever funding round in the European blockchain and data security industry, with a total of $7.9m secured from investors such as Nasdaq and Open CNP.

The funding will be used to help propel Stratumn into the US marketplace, whilst also aiming to double in size its current 15-employee international team by the end of 2018. 

Open CNP - the Corporate Venture arm of CNP Assurances - led the Series A funding round and was followed by Nasdaq, Digital Currency Group and Otium Venture, with the latter already an existing investor. 

Whilst Stratumn was founded just two years ago, it has enjoyed success developing network technologies to secure processes between enterprise partners, customers and regulators.

Its crowning jewel is a Proof of Process Technology system that is used to help streamline and ensure security in critical processes between businesses by combining its blockchain networks and advanced cryptography.

Richard Caetano, Co-founder and CEO of Stratumn, said that he was 'very pleased' to see the success in this funding round and declared it a 'major milestone.'

"Our new investors will enable Stratumn to continue and accelerate its development and more effectively address growing needs in our markets," commented Mr. Caetano. 

"This success and our investor’s commitment as strategic partners is the rocket fuel which will power the development and launch of our Proof of Process Technology."



Featured Articles

How digital twins unlock enterprises’ sustainability efforts

With sustainability increasingly on corporate and government agendas, over half of enterprises believing digital twin technology is critical to ESG efforts

Avast: Cybercriminals use common apps to lure victims

Two out of three cyber threats now leverage social engineering, with attackers using common applications from Microsoft and Adobe to distribute malware

World Password Day: Study shows enthusiasm for passwordless

Over half of global respondents told a study that they are excited about passwordless authentication options like biometrics, passkeys, or security keys

SAP to accelerate AI innovation with IBM Watson

AI & Machine Learning

Half of organisations fell victim to ransomware attacks

Cloud & Cybersecurity

Nike and Cognizant expand their relationship into technology

Digital Transformation