Case, the Rochester, N.Y.-based innovator in block chain technology, has secured $ 1.5 million in seed funding led by FuturePerfect Ventures, along with RRE Ventures and the Rochester Institute of Technology Fund, among others. The funding round follows the launch of Case’s credit card-sized hardware bitcoin wallet last month at TechCrunch Disrupt NY 2015 at Manhattan Center in New York, N.Y. The secure, easy-to-use device leverages multi-signature, multi-factor security with visual validation and global GSM connectivity.
“The recent announcement that the NASDAQ is piloting block chain technologies for different use cases underscores the promise of the technology and Case is poised to provide trusted, decentralized and biometrically-secure signing of those and similar transactions,” said Case Chief Executive Officer Melanie Shapiro.
“We’re looking forward to providing uncompromised security and ease-of-use for bitcoin buyers, sellers and users, to unlock the potential of bitcoin and block chain technologies. Making highly-secure signing and authentication available across a variety of applications is just the beginning.”
Goal: Improved security and privacy
Case is developing partnerships with financial services organizations to build consumer adoption of products that deliver the best security and privacy. As this adoption accelerates, Case is poised to provide the secure technology to facilitate block chain transactions and beyond in three simple steps.
“FuturePerfect Ventures is thrilled to partner with Melanie Shapiro and Case, which has developed leading-edge technology to provide secure block chain transactions for individuals and enterprises,” said Jalak Jobanputra, founding partner of FuturePerfect Ventures (FPV).
“We look forward to working with Case’s world-class team to drive adoption of digital transactions and provide broader, more efficient access to financial services for the global market.”
Funding from aggressive venture capital firms
FPV is a New York City-based venture capital fund investing in “interpretative intelligence” – smart data analytics across the financial services, healthcare, education, commerce and media verticals.
RRE Ventures is a New York City-based venture capital firm focused on new technology.
As part of the launch, Case announced the availability of a limited number of its bitcoin wallets on a pre-order basis through the company’s website – www.choosecase.com.