Spherity develops decentralised identity management software and standards-based secure cloud SaaS, including enterprise identity and EUDi wallet solutions to automate KYC and KYS processes. The company also builds digital product passports that comply with global provenance, product passport, and AI regulations for categories such as batteries, textiles, electronics, and media content. Spherity targets regulated sectors including automotive supply chains, financial services, and the energy sector, and engages with ecosystems like Gaia-X and Catena-X. The company plans to expand its team and global sales and engineering capabilities and to grow its US presence, particularly to support the pharmaceutical market’s compliance with the DSCSA. The recent €2.5 million investment will be used to advance its product capabilities and accelerate go-to-market for its secure and trusted business and supply chain SaaS solutions. Blockwall joined the round as lead investor, supporting Spherity’s push to scale decentralised identity management globally. Spherity develops decentralized identity management solutions that assign unique digital identities (digital twins) to companies, machines, devices and algorithms in industrial IoT settings. These digital twins cryptographically sign transactions and connected data to guarantee authenticity and enable secure data exchange across complex business processes and value chains. Proven use cases include mobility, supply chain and pharmaceutical industries. The company plans to accelerate development of its core platform to provide interoperable, blockchain-agnostic identity service offerings and to extend strategic relationships with customers. Spherity was founded by Dr. Carsten Stöcker and Dr. Michael Rüther in November 2017 and is based in Berlin, Germany. The company currently employs 11 people and has received a seed financing round of undisclosed amount.

Total raised

$3M

Funding rounds

2

Latest round

Equity

Latest activity

Mar 2024