Texas based blockchain-as-a-service company Factom has raised $8m in Series A funding led by Draper Associates. Factom is a system for securing millions of realtime records in the blockchain with a single hash. This gives you the tools to build applications with all of the security of the blockchain without the speed, cost, or size limitations.
“The Factom Harmony launch was such a resounding success that we extended the Series A round for additional investors,” said Peter Kirby, Co-founder & CEO of Factom. “We’re very appreciative of our early investors who doubled-down on their participation and the new investors who are helping us strategically extend our reach. Many highly intelligent people worked very hard to help us get to this point and we couldn’t have done it without them.”