Evernym offers a Self-Sovereign Identity platform that enables organizations and governments to issue, accept, and verify credentials that operate like a digital passport. The company has worked with over 50 organizations, including ATB Financial, Barclaycard, Deutsche Telekom, Novartis, CULedger, Irish Life, Telus, the U.S. Department of Homeland Security, and three Canadian provinces. Evernym is the inventor of Sovrin and was the original contributor to the open-source Hyperledger Indy project at the Linux Foundation. The Sovrin Network now counts over 70 corporate and large-organization stewards such as Cisco, IBM and Deutsche Telekom. Founded in 2013 and led by President Steve Havas, Evernym intends to use the new funding to scale its offerings. Headquartered in Salt Lake City, Utah, the company is positioning its technology for wider adoption by governments and enterprises. Evernym develops self-sovereign identity technologies and is the inventor of Sovrin, a global public utility for decentralized exchange of verifiable claims. The company builds SaaS services and applications that enable people, businesses and connected devices to securely control their identity data, choosing when, with whom and how much to reveal. Its SaaS offerings and applications are built atop the Sovrin Network, described in the article as a distributed ledger purpose-built for self-sovereign identity and verifiable claims. The Sovrin Foundation that guides the network is governed by a constitutional “Trust Framework” intended to preserve the network’s enduring independence. Evernym is building applications for partners including the US Department of Homeland Security, the UK’s healthcare system and multiple global financial institutions. The company was founded in 2013 by CEO Timothy Ruff and is based in Salt Lake City, Utah. Evernym is a Salt Lake City-based blockchain company focused on building decentralized key management solutions for blockchain technologies. Under a newly announced award, the company will design and build a decentralized key management system funded by a $794,000 grant from the Department of Homeland Security’s Small Business Innovation Research (SBIR) program. The research project is being managed by DHS’s Cyber Security Division. Evernym has previously received a DHS grant related to the development of key management tools, indicating an ongoing relationship with the department. The SBIR program is described as a contract awards program that aims to get small businesses involved in federal research and development initiatives. The award is presented as government R&D funding rather than an equity or debt financing round.

Total raised

$9M

Funding rounds

3

Latest round

Series A

Latest activity

Sep 2019