We are delighted to announce that Molten Ventures has led the latest $8 million seed financing round in IndyKite, a San Francisco-based software company that is building the identity layer for Web 3.0, with products that securely manage human, IoT, and machine identity. Existing investors Alliance Ventures and SpeedInvest also participated in the round.
This takes the total investment in the company to over $10 million USD in less than 12 months. With three offices worldwide, IndyKite is growing quickly, building towards a team of 60.
The funding round will support the launch of IndyKite.id, its digital identity solution to the market, just four months after its commercial debut. IndyKite.id is providing decentralized identity and dynamic and granular authorisation services for large enterprises.
This enables organisations to map every person, device, and asset across an organisation or network, uncovering rich contextual insights and driving value via hyper-personalisation, recommendations, and more.
Alongside this, IndyKite’s open-source digital identity wallet, IndyKite.me, will be available to organisations who want to allow end-clients the means to identify themselves and control which data is shared. Through the wallet, end-consumers can identify and onboard themselves or provide trusted, secure and private confirmation for sharing of their personal information—in line with EU privacy and data protection standards.
