Inrupt, a Boston, Massachusetts-based user data platform, raised $30 million in its Series A financing round, giving Worldwide Web inventor Tim Berners-Lee and technologist John Bruce fresh capital for global expansion.
The round was led by Forte Ventures, while existing investors including Akamai Technologies and Glasswing Ventures contributed, as did new investors Allstate and the Minderoo Foundation’s Frontier Technology Initiative.
Company: Inrupt, Inc.
Round: Series A
Funding Month: December 2021
Lead Investors: Forte Ventures
Additional Investors: Akamai Technologies and Glasswing Ventures
Company Website: https://www.inrupt.com/
Software Category: user data platform
About the Company: Inrupt is a four-year-old technology company formed by World Wide Web founder Sir Tim Berners-Lee and former Resilient CEO John Bruce. Inrupt is the driving force behind a landmark new open-source software platform called Solid, which seeks to recast underlying web technology and leave data in the hands of individuals Inrupt has signed contracts with governments of Sweden, Argentina, and Basque, and also boasts many enterprise clients. The company generated $225,000 in revenue last year and $200,000 in revenue in September.