Fluree Secures $10 Million for Innovative Data Management Solutions

North Carolina-based Fluree, a pioneer in Web3 data management, has announced a successful Series A funding round, raising $10 million. This investment is a testament to the growing demand for blockchain-based solutions for reliable and secure data management.

Fluree Core, Fluree’s flagship product, combines the power of blockchain technology, semantic web standards, and data-centric security protocols. This unique combination empowers developers to store and manage data in a decentralized and verifiable manner.

Fluree’s technology secures data by organizing it into immutable time-stamped blocks and employing asymmetric cryptography for data protection. Digital signatures ensure complete transparency and credibility throughout the data’s lifecycle.

In contrast to traditional databases, Fluree’s linked graph technology allows data to be shared seamlessly across multiple environments while adhering to data policies, trust, and privacy.

Fluree’s services extend beyond Fluree Core. Fluree Sense, a complementary offering, streamlines the integration of data from legacy sources, such as databases and data lakes.

Leveraging machine learning and semantic ontologies, Fluree Sense normalizes, cleanses, and reconciles data to create a unified and reliable source of truth, empowering organizations to utilize their data effectively.

Fluree’s mission is to transform data architecture for the modern enterprise. As the importance of data continues to grow, Fluree strives to provide a robust and secure data infrastructure that meets the needs of today’s organizations.

Fluree believes in data security, interoperability, reliability, semantic linking, and accessibility. The company is committed to supporting enterprises in harnessing the power of data for innovative applications such as LLMs, knowledge graphs, and enterprise data sharing initiatives.

Since its inception in 2018, Fluree has gained widespread recognition, with over 100,000 downloads of its open-source graph database. Its technology has been applied in various domains, including verifiable credentials, education technology, enterprise knowledge graphs, and blockchain applications.

Fluree is not alone in exploring blockchain-based data management solutions. Other companies, such as BigchainDB, ProvenDB, TerminusDB, Modex Tech, and Streamr, are also developing innovative approaches to data security and collaboration.

As the data landscape continues to evolve, Fluree is well-positioned to lead the charge towards a more secure and connected future for enterprise data management.