Cambridge Blockchain

blockchain

FOUNDING YEAR: 2015
LOCATION: United States
Last Update: 17/07/2020

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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:

Digital Currency Group

Flourish Ventures

HCM Capital

OMIDYAR NETWORK

Partech

PayPal Ventures

KEY EMPLOYEES:

Matthew Commons (CEO); Alex Oberhauser (CTO); Alok Bhargava (COO)

Matthew Commons

Alex Oberhauser

Alok Bhargava

Momentum

FUNDED

YES

TOTAL FUNDING

$3.5 M

DATE OF LAST FUNDING

Apr 2019

TOTAL FUNDING COMMENT

The company plans to utilize its fund to extend its blockchain-based Enterprise Data Management software to new applications. (May 2018)

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.

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