Cambridge Blockchain
STATUS: Acquired/Merged
FOUNDING YEAR: 2015
LOCATION: United States
Last Update: 23/02/2021
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About
Financial institutions face growing compliance challenges related to identity, with know-your-customer costs that can reach hundreds of millions of dollars per year for large banks. Strict data privacy rules such as the European General Data Protection Regulation also limit the ability to access validated customer identity attributes from other trusted parties. Cambridge Blockchains distributed architecture resolves the competing challenges of transparency and privacy, resulting in faster customer onboarding, lower costs, and enhanced compliance through a single, trusted and consistent view of customer reference data.
MEDICI Analysis
Cambridge blockchain offers blockchain-powered enterprise data management and digital identity solutions. It enables financial institutions, corporate clients & identity partners to adhere to regulatory compliance by improving their KYC checks.
Focus
PRODUCTS & SERVICES
The platform allows financial institutions to meet data privacy rules, eliminate redundant identity compliance checks, and improve the customer experience.
MAIN CLIENTS
Financial institutions
People
BOARD MEMBERS AND ADVISORS
Jack Klinck
Barbara Piette
Mike Kinkead
Michele Trogni
Jack Lee
Matthew Commons
Alex Oberhauser
Alok Bhargava
William P. Rice
David Verrill
Ralph Sheridan
NUMBER OF EMPLOYEES
11-50
INVESTORS:
KEY EMPLOYEES:
Matthew Commons (CEO); Alex Oberhauser (CTO); Alok Bhargava (COO)
Alex Oberhauser
Alok Bhargava
Momentum
FUNDED
YES
NUMBER OF FUNDING ROUNDS
2
TOTAL FUNDING
$3.5 M
DATE OF LAST FUNDING
Apr 2019
IPO STATUS
Private
TOTAL FUNDING COMMENT
The company plans to utilize its fund to extend its blockchain-based Enterprise Data Management software to new applications. (May 2018)
ESTIMETED REVENUE RANGE
Less than $1M
FUNDING SERIES
SERIES A · $3.5 M · Apr 2019
DEBT FUNDING
$1 M
LISTED
NO
COMMENT
Debt Financing: $2M (Jan. 2017) and Convertible Note: $2M raised in March 2017.
company provided insights
M&A
ACQUIRED BY
Blockchains
ANNOUNCED DATE
Dec 2020
PRICE
---
company provided insights
Web Traffic
MONTHLY VISITS
564
AVERAGE VISITS (6 MONTHS)
777.93
MONTHLY VISITS GROWTH
-17.63%
VISIT DURATION
281
VISIT DURATION GROWTH
62.71%
PAGE VIEWS VISIT
3.4
PAGE VIEWS VISIT GROWTH
29.96%
BOUNCE RATE
54.25%
BOUNCE RATE GROWTH
0.01%
GLOBAL TRAFFIC RANK
7,271,710
MONTHLY RANK CHANGE
-3,093,017
MONTHLY RANK GROWTH
-29.84%
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