Blockfenders combines blockchain, cloud and distributed ledger technologies such as Hedera and Hyperledger to create an enterprise data exchange network for controlled, privacy-preserving data sharing. Its no-code platform is designed to operate in a zero-trust environment and reduces burden on IT and data engineering teams. The company aims to enable complete data sharing between multiple parties without exposing raw data. Blockfenders plans to use the new funds to grow the team, add capabilities like supporting multiple data sources and tokenization, and expand into healthcare, banking and financial services, enterprises, and technology. It has engaged two U.S. industry partners—a digital health company in eye care and a global employee engagement platform provider—both currently in proof-of-concept and pilot stages. The company was co-founded in 2022 and also maintains an operational office in Pune, India.

Total raised

$2M

Funding rounds

1

Latest round

Seed

Latest activity

Feb 2023