Crypto startup Seismic raises $10 million to help fintechs protect customer data
As more and more fintech companies use crypto, they face one big challenge: blockchains are public. This creates a risk that customers’ sensitive financial data, like their salaries, or how much they pay for rent, could inadvertently be made public. That’s a problem that a startup called Seismic is aiming to solve.
On Wednesday, Seismic announced that it raised $10 million in a funding round led by a16z crypto, with participation from Polychain, Amber Group, TrueBridge, dao5, and LayerZero. In total, the startup has now raised a total of $17 million. Lyron Co Ting Keh, the founder and CEO of Seismic, did not disclose his company’s valuation in an interview with Fortune.
Co Ting Keh explained that he named his startup…
