GuardTime Raises US$8m from Skype Founding Engineers & Investors from Hong Kong, Japan & Singapore
26 May 10
GuardTime, a Singapore-based data integrity service provider has raised raised $8 million in series A funding to help roll out its global infrastructure for delivering its provable data integrity service.
The company’s unique approach – a service architecture that provides independently verifiable proof of data integrity – has attracted investors including: Horizons Ventures, a Hong Kong based investment fund focusing on early stage technology companies, Ambient Sound Investments, an investment fund formed by the founding engineers of Skype, Infocomm Investments Pte Ltd (IIPL), a wholly owned subsidiary of the Infocomm Development Authority of Singapore (IDA) that complements IDA’s industry development efforts in Singapore with equity investments, FITOne Capital, a subsidiary of FIT-One Holdings, an IT startup business incubator in Japan and Joi Ito, CEO of Creative Commons, entrepreneur, and venture capitalist.
GuardTime’s service is helping businesses across multiple industries, including financial services, government, telecommunications and healthcare, strengthening control and reducing costs.