Smart Data Platform Zenotta Raises $10.7M In 10-Day Seed Funding Roundbr>
Peer-to-peer electronic trade system and Smart Data platform Zenotta has raised 10 million Swiss Francs ($10.7M USD) in its first seed funding round, closing the round in just 10 days.
Built and backed by a team of pioneering entrepreneurs, engineers, and scientists, Zenotta builds on the shoulders of giants in the worlds of philosophy and science in order to create an entirely new approach to the digital universe. Through the Zenotta Digital System, the company is seeking to create Digital Society 2.0 – a more decentralized, democratic and fairer society in which users are empowered as sole owners of their personal data. It does this by transforming any type of file into Smart Data – embedded with identity, rights, intelligence and privacy characteristics.
Zenotta recently mined its genesis block – marking the introduction of the first dual double-entry blockchain ledger which combines a peer-to-peer electronic cash system with a notarized receipt of the asset that is paid for. This combination creates the first peer-to-peer electronic trade system to allow for the seamless exchange of Smart Data.
“The overwhelmingly positive reaction amongst our network of private investors and early-stage backers is a testament to our unprecedented vision of creating a digital system in which files are the medium of exchange,” said Roelou Barry, CEO and Co-founder of Zenotta. “For five years, Zenotta has operated on a self-funded basis giving us the freedom to develop and refine extremely solid foundations for the Zenotta Digital System. We are now well-positioned to develop partnerships and advance our mission to create an entirely new payments network for the internet of value.”