TransCrypts, a blockchain-based platform for secure digital records, has secured $15 million in seed funding led by Pantera Capital, marking a significant milestone in its mission to empower individuals with control over their digital identities.
Target Information
TransCrypts, co-founded by Zain Zaidi, an Electrical Engineering graduate from SJSU in 2021, has rapidly emerged since its inception in 2020. The company is a blockchain-based platform that empowers individuals with complete control over their digital records, currently serving over 450 enterprise clients, including several Fortune 500 firms, and catering to 4 million users.
The vision of TransCrypts is to establish a secure, efficient, and fraud-resistant verification process for personal identifications, including employment, health, and educational records. CEO Zaidi emphasizes that their mission is to provide individuals 100% authority over their identities in a digital landscape.
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Disclosed details
Transaction Size: $15M