Fluree is a North Carolina-based startup that provides a data-first technology stack. The company today announced a seed expansion round with Engage participation. In June 2019, the company completed a $ 4.7 million seed round.
The new funding will allow Fluree to expand the market penetration of its enterprise data management platform. Tech startups, government agencies, and Fortune 500 companies all use Fluree as the engine, based on high-quality, trusted data sharing, protection and construction services. Fluree recently announced a strategic blockchain deployment with the United States Air Force.
Fluree PBC (Fluree) is a public interest company founded in 2016 by Brian Platz and Flip Filipowski, serial entrepreneurial IT entrepreneurs and executives. The Fluree platform is built for multi-functionality, is an enterprise database, and is the foundation of emerging online architectures including AI, microservices, machine learning, semantic web, and alliance blockchain.
Flurian co-CEO and co-founder Brian Platz said:
"For nearly a decade, organizations have been working to ensure a data-first approach, and Fluree has finally made that vision a reality. As the Semantic Web continues to eliminate data silos and establish new frameworks that leverage the value of information, Fluree is becoming a driver The back end of this change. At Engage, we have the ideal partner to continue our strategic enterprise expansion and further the next phase of the network. "
Atlanta-based Engage, managed by Tech Square Ventures, is supported by 11 companies-AT & T, Chick-fil-A, Cox Enterprises, Delta, Georgia-Pacific, Georgia Power, Goldman Sachs, Intercontinental Exchange ( (ICE), Invesco, Home Depot, and UPS-as well as leading research institutions Georgia Institute of Technology and Invest Georgia.
The Engage platform is the first venture capital fund and program of this type, designed to provide companies with the services they need most: customers and new markets. Engage was founded two years ago and has invested in more than 40 companies across the country. The participating companies created more than 1,000 jobs and continued to raise nearly $ 400 million in additional venture financing.
Engage Managing Director Thiago Olson said:
"Fluree provides a transformative solution to a big problem we've seen in the enterprise space, rethinking data storage and management models. We are excited to welcome Fluree to the Engage family and start to associate them with our Company partners. "