- Strategic capital investment influx comes on the heels of $4.7M seed funding round
- Independent venture firm Engage is a collaboration between some of the world’s most influential corporations, including AT&T, Delta Airlines, Goldman Sachs and UPS
- Fluree’s data-first tech stack, built on blockchain cryptography and semantic graph, sees significant traction in enterprise AI, microservices and consortium blockchains
WINSTON-SALEM, N.C.–(BUSINESS WIRE)–#Application—Fluree, a North Carolina-headquartered startup that provides a data-first technology stack, today announced a seed extension round of funding with participation from Engage.
The investment follows a June 2019 $4.7M seed funding round. The new funds will enable Fluree to expand the market penetration of its enterprise data management platform. Tech startups, government agencies and Fortune 500 enterprises use Fluree as the engine to share, secure and build services upon high-quality, trusted data. Fluree recently announced a strategic blockchain deployment with the United States Air Force.
Fluree PBC (Fluree) is a Public Benefit Corporation co-founded by serial IT entrepreneurs and executives Brian Platz and Flip Filipowski in 2016. Built for versatility, the Fluree platform is an enterprise database that acts as the foundation for emerging online architectures that include AI, microservices, machine learning, the semantic web and consortium blockchains.
“Organizations have been striving to secure a data-first approach for nearly a decade, and Fluree finally brings that vision to life,” said Brian Platz, co-CEO and co-founder of Fluree. “As the semantic web continues to dissolve data silos and build a new framework for harnessing the value of information, Fluree is becoming the back-end to power that change. In Engage, we have the ideal partners to continue our strategic enterprise expansion and further catalyze the next phase of the web.”
Managed by Tech Square Ventures, Atlanta-based Engage is backed by 11 corporations — AT&T, Chick-fil-A, Cox Enterprises, Delta Air Lines, Georgia- Pacific, Georgia Power, Goldman Sachs, Intercontinental Exchange (ICE), Invesco, The Home Depot and UPS — along with leading research institution Georgia Institute of Technology and Invest Georgia. The Engage platform is a first-of-its-kind venture fund and program designed to provide companies access to what they need most: customers and new markets.
Founded two years ago, Engage has invested in over 40 companies from across the country. Engage portfolio companies have created over 1,000 jobs and gone on to raise almost $400 million in additional venture financing.
“Fluree is providing a transformative solution to a large problem we see in the enterprise space, rethinking data storage and management,” said Thiago Olson, managing director at Engage. “We are thrilled to welcome Fluree into the Engage family and begin connecting them with our corporate partners.”
To learn more about Fluree, visit flur.ee.
About Fluree, PBC
Founded in 2016 by Brian Platz and Flip Filipowski, Fluree PBC is headquartered in Winston-Salem, North Carolina. Fluree is pioneering a data-first technology approach with its data management platform. Fluree is a Public Benefit Corporation (B-Corp) that dedicates employee time, company resources and chartered effort towards empowering people whose jobs are replaced by technology, or those that wish to make a career adjustment via training and assistance. For more information, follow Fluree on Twitter or LinkedIn, or visit flur.ee.
Engage is a corporate-backed venture platform. The Engage corporate partners contributing capital and resources include AT&T, Chick-fil-A, Cox Enterprises, Delta Air Lines, Georgia- Pacific, Georgia Power Foundation, Inc., The Goldman Sachs Group, Inc., Intercontinental Exchange (ICE), Invesco Ltd., Invest Georgia, The Home Depot and UPS. These corporate partners, along with the Georgia Institute of Technology’s Advanced Technology Development Center (ATDC) and Tech Square Ventures, provide support and platform resources that help companies scale and open up new markets. Engage is headquartered in Atlanta, Georgia. For more information, visit engage.vc.