Cambridge Blockchain builds enterprise software that delivers strong digital identities at global scale for financial institutions while giving individuals control over their identity data. Its solution combines blockchain technology with an off-chain personal data service to create an independent source of validation across trusted parties, natural persons, legal entities and devices. The platform is designed to manage, secure and share identity data—supporting seamless transactions, operational efficiencies and strong privacy compliance. The company has specific experience designing systems for sharing identity data across European financial institutions. Cambridge Blockchain has announced a Series A extension with new strategic investors and plans to explore collaborations to leverage blockchain technology with PayPal. The company is based in Cambridge, Mass. Cambridge Blockchain builds blockchain-based Enterprise Data Management software that emphasizes digital identity and privacy compliance for financial institutions. The company has reached full-scale production rollouts with its first customers in Europe and aims to extend its software to new applications beyond KYC, including IoT device management and supply chain operations. It positions its technology to help firms comply with regulations such as the European General Data Protection Regulation (GDPR) while enabling decentralized information transfers. Cambridge emphasizes privacy and handling strict personal data requirements demanded by large financial institutions. Foxconn’s venture arm HCM Capital is engaging strategically around blockchain and digital identity, signaling interest in industrial and IoT use cases. The company is headquartered in Cambridge, Mass. Cambridge Blockchain develops blockchain-based digital identity enterprise software using a distributed architecture to reconcile transparency and privacy. Its product aims to reduce know‑your‑customer costs, speed customer onboarding, and provide a single, trusted view of customer reference data while addressing GDPR and data-privacy constraints. The company is developing its software with several leading global financial institutions and plans commercial deployments in late 2017. Cambridge Blockchain has won BBVA Open Talent 2016 and the Santander InnoVentures Distributed Ledger Challenge and graduated from the 2016 FinTech Innovation Lab. The company will use new funding to accelerate deployments of its software. CEO Matthew Commons runs the company from Cambridge, Mass.

Total raised

$9M

Funding rounds

3

Latest round

Series A

Latest activity

May 2018