Stratumn develops network solutions that secure processes between enterprises and their stakeholders using blockchain networks and advanced cryptography. Its technology is designed to ensure data privacy while reducing operational frictions and costs for partners, customers and regulators. The company has completed more than ten projects with large companies across the insurance, financial and supply chain sectors. Stratumn plans to use newly raised funds for business development, product design and hiring. Financially, the company has extended its Series A with an additional €1M as part of a round that totals €8M. Stratumn provides a Proof of Process Technology platform and a suite of network solutions to secure and streamline regulatory and compliance procedures between enterprises and stakeholders. Its technology uses blockchain and advanced cryptography to improve customer privacy and data protection while reducing operational and back-office costs. The company has developed more than 10 projects with large organizations including CNP Assurances, Allianz France, Nasdaq, Thales, Bureau Veritas and Bouygues Immobilier. Stratumn was founded in Paris in 2015 by Richard Caetano, Stephan Florquin and Sebastien Couture. The company raised €7M in a Series A and intends to use the funds to accelerate development and expand into the U.S. The platform is positioned for enterprise deployments focused on compliance, data exchange and process security. Stratumn is a Paris-based startup that offers a Heroku-like platform-as-a-service for developers to build, deploy and run blockchain applications. Its platform enables applications to communicate with the Bitcoin blockchain. The company has created an open specification called Chainscript, a JSON-based format that stores data packets which can be written to and later retrieved and audited on the blockchain. Stratumn positions itself as a way for other startups (for example, Stampery) to build on top of its platform without reimplementing blockchain integration. The company aims to be blockchain-agnostic over time, with potential to support private and alternative blockchains. Financially, Stratumn recently raised $670,000 (€600,000) from Otium Venture and business angels including Ledger Wallet CEO Eric Larchevéque.

Total raised

$10M

Funding rounds

3

Latest round

Series A

Latest activity

Nov 2017