Ockam is a San Francisco–based company that builds open-source, developer-first tools to provide mutual authentication and end-to-end encrypted messaging between distributed applications in any environment. The company announced a $12.5M Series A in January 2022. The round was backed by Craft Ventures, Future Ventures, SineWave Ventures, OCV, and Okta Ventures, among others. Ockam plans to triple the size of its engineering and product teams to tackle its next phase of growth. Over the prior six months the company saw tremendous growth in developer engagement with its open-source code and became one of the fastest-growing open-source projects on GitHub. Developers are attracted to Ockam because its project aligns with security trends emphasizing trusted data and easy-to-use developer tools. Ockam is a serverless IoT development platform that helps developers establish an "architecture for trust" within connected device applications. Its tooling leverages cryptographic keys and assigns credentials to entities — devices, people, assets, and services — to enable more secure and scalable connected systems. The company positions itself as an alternative to developers building bespoke infrastructure and competes with platforms like Particle. Ockam was launched in fall 2017 and is led by CEO Matthew Gregory and CTO Mrinal Wadhwa, both with prior IoT and cloud engineering experience. Financially, the startup has raised $4.9 million in seed funding across two tranches: a $3.2 million round in May and a subsequent $1.7 million injection from Future Ventures. Investors in the seed include Core Ventures, Okta Ventures, SGH Capital, and Future Ventures.

Total raised

$17M

Funding rounds

2

Latest round

Series A

Latest activity

Jan 2022