Atombeam, a company with technology that redefines how data is used, moved, stored and secured, today announced the closing of its recent Reg A+ funding round, with a total of $20 million raised. The funding round was hosted by StartEngine, which enables individual investors to gain an ownership stake in the company’s transformative technology. Over 6,500 investors invested in Atombeam during this round. This funding brings Atombeam’s total to $35 million.
Atombeam’s technology is called Data-as-Codewords, which utilizes cryptography and compression to translate data into a set of codewords within an AI/ML-created codebook. And a customer then sends and stores their codewords along an event path, for use by a reader application. There, the data is accessed and used through the same codebook, directly in its transformed state. Data-as-Codewords is always compressed, always encrypted, and transmits data without latency, ensuring transmission and storage is always optimized.
Atombeam plans on utilizing the funding to continue growing the organization, adding to the go-to-market and research and development parts of its team. The funding will also be used to further develop its Neurpac and Neurcom products, incorporating customer feedback and ensuring that both exceed the expectations of its growing customer base.
In the past year, Atombeam continued its momentum, securing new customer implementations and product recognition. So far, Atombeam has been issued more than 84 patents for its technology, with an additional 115 pending.
The company is a also technology partner with Ericsson Enterprise Wireless Solutions and Viasat’s ELEVATE Partner Program, and its technology was recently chosen by the United States Air Force. Atombeam’s innovative approach to solving the data problem was also recognized with the Gold Award for Technology Innovation by the Merit Awards for Technology, and with a Gold Award for Disruptor Company in Business Products or Services by the Globee Awards for Business.
KEY QUOTE:
“Our technology has been engineered to completely transform data and the way it is used, making it more efficient and secure without compromising the ability to process it. By reducing data size by 75% in a few millionths of a second, bandwidth can be expanded by 4x – which means companies can access more data, faster, and less expensively. By doing so, fewer energy and infrastructure resources are necessary, even while the amount of data being accessed, transmitted and used increases.”
- Charles Yeomans, CEO and Chairman of Atombeam
