Digital Data Validation Platform Attestiv Closes Series Seed Round

By Noah Long ● March 19, 2020
  • Digital data validation platform Attestiv announced it has closed a series seed offering led by Castle Island Ventures

Digital data validation platform Attestiv announced it has closed a series seed offering led by Castle Island Ventures with participation by Plug and Play Ventures and Mentors Fund. This caps off a total raise of more than $2 million.

Attestiv’s platform uses artificial intelligence and blockchain technology to validate and secure the authenticity of digital media. And the Attestiv platform offers a foundation for applications and third-party integrations that utilize AI and blockchain ledger fingerprinting to provide enterprise solutions for the Insurance, IoT, media, and related industries.

Attestiv’s co-founders Nicos Vekiarides (CEO), John Bates (CTO), and Mark Morley (COO) have backgrounds in enterprise data storage. The co-founders have identified an emerging need for a solution that could discern the authenticity of media and data and also help to combat fraud and disinformation. And Nicos Vekiarides and John Bates — were co-founders of TwinStrata (acquired by EMC in 2014) and were part of the founding team at StorageApps (acquired by HP).

The technology that is powering the Attestiv Platform utilizes patent-pending and AI-based “perceptual fingerprinting” on a blockchain (distributed ledger) thus enabling the following digital media to become virtually tamper-proof, including photos, videos, documents, sensor data, telemetry data, and metadata.

Key Quotes:

“Attestiv’s trusted self-service workflow enables my clients to send data and media files directly from their mobile phones making it easy to sync with my agency management system. From there, I can send it right to the insurance company. It saves my employees a lot of steps in the process which frees up more time.”

-Charles Zammito of Zammito Insurance, a Massachusetts P&C Insurance agency

“Attestiv represents the new standard for photo and media authentication across many business sectors. Trusted photo and media workflows bring value, integrity, and efficiency to a variety of industries.”

-Nicos Vekiarides