Participated · Seed · Jun 2024

Verida develops infrastructure for decentralized personal data storage and encryption as a DePIN network developer. The company focuses on providing users with decentralized storage and cryptographic protection for personal information. Verida plans to use new funding to continue development of its personal data storage infrastructure and related encryption services. The recent financing will support product development and scaling of its storage capabilities. Financially, Verida completed a seed financing reported at $5 million with a post-money valuation of $50 million. No operating metrics or past rounds were disclosed in the article.