- North Carolina-based company Fluree announced it raised a seed extension round of funding with participation from Engage
Fluree — a North Carolina-based company that provides a data-first technology stack — announced a seed extension round of funding with participation from Engage. This investment comes on the heels of Fluree raising a $4.7 million seed funding round raised in June 2019.
With this round of funding, Fluree plans to expand the market penetration of its enterprise data management platform.
Tech companies, government agencies, and Fortune 500 enterprises tap into Fluree as the engine to share, secure, and build services on its high-quality and trusted data. Plus Fluree recently announced a strategic blockchain deployment with the United States Air Force.
What does Fluree do? Fluree PBC (Fluree) is a Public Benefit Corporation co-founded by serial IT entrepreneurs and executives Brian Platz and Andrew ‘Flip’ Filipowski in 2016. And 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 Platz. “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.”
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 research institution Georgia Institute of Technology and Invest Georgia. And the Engage platform is a first-of-its-kind venture fund and program designed to provide companies access to what they need most, which are customers and new markets.
Launched two years ago, Engage has invested in over 40 companies from across the country. And 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,” added Thiago Olson, managing director at Engage. “We are thrilled to welcome Fluree into the Engage family and begin connecting them with our corporate partners.”