Valid Network Secures $8 Million in Funding to Help Organizations Automatically Protect Their Enterprise-grade Blockchain Business Applications
Summary
BEER SHEBA, Israel, July 14, 2020 /PRNewswire/ -- announced today that it has raised an $8M seed round to enable companies to adopt and automatically protect blockchain technology with confidence. Today, enterprises build applications that utilize distributed ledger technology to address transactional and record-keeping business challenges, including payments and settlements, provenance, asset tracking, identity management/KYC, and trade finance. Employing distributed ledger technology in these use cases can reduce friction, lower costs, improve cash flow, and enable new business models, making blockchain-based applications a strategic tool for companies worldwide. "We built Valid Network on the vision that blockchain-based technologies will open a whole new world of possibilities for businesses globally, unleashing new efficiencies and ways of working," stated co-Founder and CEO Kfir Nissan. Developing and deploying complex decentralized global applications that share business processes and data between enterprises has exposed new security and assurance challenges.