The father of the Internet’s Inrupt startup is seeking a round of financing of more than $30 million
Three years ago, “Father of the Internet” Tim Berners-Lee established a startup called Inrupt, dedicated to laying a solid foundation for subsequent vigorous development. The latest news is,According to two people familiar with the matter, Inrupt is negotiating with a small number of investors to raise 30-50 million US dollars at a pre-investment valuation of 140 million US dollars.
Although an Inrupt spokesperson declined to comment, foreign media quoted an unnamed whistleblower who stated that the A round of financing has not yet ended, so the specific terms may change.
It is reported that investors in this startup include Akamai Technologies and Glasswing Ventures, and it is trying to build a platform that allows users to better control its data in order to “reshape the Internet.”
Specifically, Inrupt has built a platform for users to store personal online data in PODs, and customers include governments and enterprises.
Government and corporate customers want to help manage their user data, but unfortunately, they lack a platform to do so.
In addition, some companies want to access consumer data without storage, but also lack a global development agreement to allow them to do so.
The good news is that Inrupt is creating a new platform and infrastructure so that people all over the world can control their own data, and the government can implement relevant policies to store this part of the data safely and allow companies to safely and compliantly. access.
During its speech to investors, Intupt stated that it had set its sights on the “entire data market” and tried to learn from credit card payment companies such as Visa and Verisign, which commercialized the DNS standard, in order to provide a core infrastructure for the Internet.
Previously, this start-up has signed contracts with the governments of Sweden, Argentina, and Basque Country. It is said that it generated US$225,000 last year and received US$200,000 in revenue last month.
Finally, Inrupt declared that its management team and board of directors are committed to building a governance system to ensure that the company conducts business operations under the highest standards of integrity, transparency, and ethical privacy.