Lasse Andresen, Founder of IndyKite, said that this investment round has positioned IndyKite to deliver on a core product thesis, as well as scale an organization capable of servicing large enterprises and national governments.
“Legacy Identity vendors have a set of overwhelming challenges when looking at Web 3.0, which will see the third generation of internet services built to meet the potential of artificial intelligence, machine learning, connected data, the semantic web, natural language search and identity management – going far beyond the hype of blockchain. IndyKite’s approach provides dynamic and granular authorization services on top of a highly flexible data-model, fundamental for organizations focused on building apps and services with increasingly distributed architecture and data ecosystems,” he said.