Blockchain Data Platform Tierion Raises $1 Million

Blockchain data startup Tierion has raised $1m in seed funding from several of the industry’s leading venture capital firms.
The round was co-led by San Francisco-based Blockchain Capital and China-based Fenbushi Capital, which raised $50m in 2015 with the intent of investing in blockchain-based startups and projects. Digital Currency Group also participated in the round.
The news comes one year after the service launched last September following a winning debut at the Consensus 2015 Makeathon. Tierion allows users to turn data from web and mobile apps into blockchain receipts that are hashed, stored and timestamped on the bitcoin blockchain.
In interview, CEO Wayne Vaughan said that the funding comes at a time when his firm is seeing increased interest from institutional partners seeking to leverage its free API service to ensure data integrity.

This post was published at Coin Desk on April 29, 2016.