Data protection RegTech Codenotary raises $6m

Data protection RegTech Codenotary raises $6m

Codenotary, which offers tamper-proof, immutable data protection, has secured an additional $6m in funding, extending its Series B which closed on $12.5m in January.

This fresh capital will help the RegTech company scale its sales in the US and Europe, as well as enter the Asian market.

The company was founded in 2018 by Moshe Bar, CEO, and Dennis Zimmer, CTO. Codenotary provides tools for notarisation and verification of the software development lifecycle attesting to the provenance and safety of the code.

It provides an indelible solution for processing millions of transactions per second, on-premises or in the cloud, and with cryptographic verification. Developers have a way to generate and attach a software bill of materials for development artifacts that include source code, builds, repositories and more.

Codenotary offers end-to-end cryptographically verifiable tracking and provenance for all artifacts, actions and dependencies.

The company is also the primary maintainer of immudb, the first and only open-source enterprise-class immutable database with data permanence at scale for demanding applications — up to billions of transactions per day.

Bar said, “Software supply chains are under constant attack and so every enterprise is looking for effective ways to protect their valuable software assets.

“The additional capital will help us expand faster – increasing our ability to roll out additional features and build out our worldwide sales efforts that includes our partner network. Not every startup company is able to do that right now but we’re fortunate to have good growth and the right investors behind us.”

The company has raised a total of $24m in funding.

In other data protection news, Sotero recently bagged $8m in a seed extension, bringing the round’s total to $13m. The company has a data-centred solution that consolidates all data instances, applications and security point solutions into one easy-to-manage platform that offers full visibility, governance and auditability of data assets.

Copyright © 2022 RegTech Analyst

Enjoyed the story? 

Subscribe to our weekly RegTech newsletter and get the latest industry news & research

Copyright © 2018 RegTech Analyst


The following investor(s) were tagged in this article.