Connected ecosystem platform Ockam nets $12.5m

Ockam, which builds connected ecosystems with strong security, has netted $12.5m in its Series A funding round.

The investment was backed by Craft Ventures, Future Ventures, SineWave Ventures, OCV and Okta Ventures, among others.

With the support of the capital, the company plans to triple the size of their engineering and product teams to support its next growth phase. As part of this, the company is eagerly seeking a head of engineering, head of developer experience and a senior level applied cryptographer.

Ockam has experienced strong growth over the past six months. It also claims to have become one of the fastest growing open source projects on GitHub.

The company provides development teams with tools to build trust architecture within their applications to ensure data that moves over complex, multi-hop, multi-protocol routes is end-to-end encrypted, manually authenticated, secure and private.

To ensure data privacy and security, the platform can send end-to-end encrypted messages, establish authenticated channels between endpoints regardless of the transports or network hops and create and manage cryptographic keys, unique device identifiers, and verifiable credentials in your connected environments.

Ockam CTO Mrinal Wadhwa said, “With Ockam, the security of application data no longer implicitly depends on the defenses of every machine within the same, usually porous, network boundary.

“Instead, when applications connect with Ockam they can make granular authorization decisions about all incoming information and commands, ensuring that any data and communications between applications is secure and trustworthy.”

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