Startup based in Seattle, Indicio announced a $3.5 million seed round to support growth of its software used by companies across finance, healthcare, and travel industries to verify data through encrypted digital credentials.
Indicio, is set to use decentralized blockchain technology to help companies “confirm data authenticity, repeatedly and efficiently, from its source without the expense or risk of direct integrations,” according to the website.
One of main benefits, according to Indicio resides in its uniqueness, its physicality, and above all confidence and measures the institutions that issue them use to prevent forgery. Our physical ID represents our identity alone and no-one else’s
*Indicio tweet on decentralized identity
Indicio has translated interest in #decentralizedidentity into a full, operational and #interoperable system for verifying data built on open standards. We call this a Trusted Digital Ecosystem. https://t.co/qfP4b6M9Om
— Indicio (@IndicioID) April 26, 2022
The company is led by Heather Dahl,
a former director at KPMG who was CEO of the Sovrin Foundation and co-founded CynjaTech.
The round was led by Hard Yaka, and included 37 Angel investors ;
Alliance of Angels, Angel Investment Trust, Anthony and Marilyn Henn Trust, Baptiste Cota, Breakaway Partners OU, Dingman Center Angels, Liquid Avatar Technologies Inc., Roy Avondet, SWAN Venture Fund, SWAN Venture Group, Tawfique Hamid, and NuFund Venture Group fma Tech Coast Angels – San Diego.