Data Vault Holdings, Inc., a New York-based cloud-based platform for the delivery of branded data-backed cryptocurrencies, announced the closing of a Series A financing round of $30.5 million by strategic qualified investors as well as corporate partners and management.
The capital will further accelerate growth and enable the development of the DatavaultⓇ platform's comprehensive suite of tools for access worldwide.
DatavaultⓇ aims to use its new capital to optimize its user base and platform and scale its product across varying markets including but not limited to Healthcare, Banking, Ecommerce, Entertainment, Collegiate and Professional Sports, Arts & Antiquities, Collectibles, Faith Based & Non-For-Profit Organizations and Corporations.
Company: Data Vault Holdings Inc.
Round: Series A
Funding Month: March 2022
Lead Investors: Undisclosed
Additional Investors: Undisclosed
Company Website: https://datavaultholdings.com/
Software Category: Information Data Exchange™
About the Company: Data Vault Holdings Inc. is a technology holding company that provides a proprietary, cloud-based platform for the delivery of branded data-backed cryptocurrencies. Data Vault Holdings Inc. provides businesses with the tools to monetize data assets securely over its Information Data ExchangeⓇ (IDE). Datavault's patented platform allows businesses in the United States and globally to consistently value, visualize, and monetize their data assets. The platform identifies and refines derivative data to construct business insights and monetizable data objects. Users can also trade data objects and real objects minted into one-of-a-kind digital items, referred to as NFTs (or non-fungible tokens), to be sold on the DatavaultⓇ powered exchange. The company is in the process of finalizing the consolidation of its affiliates Data Donate Technologies, Inc., ADIO LLC, and Datavault Inc. as wholly-owned subsidiaries under one corporate structure.