Bangalore-based blockchain startup Dhiway has raised $1 million in a pre-Seed funding round led by Cornerstone Venture Partners Fund, SUNiCON VENTURES and existing shareholders.
The startup currently works with large public and private institutions in the areas of Governance, Identity, payments, digital commerce, education and workplace solutions in their journey to adopt emerging Web3.0 technologies.
“The equity we have raised will address market expansion and continuous strengthening of the product road map. As enterprise blockchain infrastructure, we are currently working with large institutions in the areas of governance infrastructure and allied commercial applications while we continue to scale our business at a rapid pace targeting new domains and use cases,” said Pradeep K P, Co-Founder and CEO of Dhiway Networks.
Dhiway operates and maintains India’s first verifiable data exchange platform, #MARK Studio, anchored on the CORD (an enterprise blockchain infrastructure made in India, made for the world).
The design and implementation of this blockchain provide the application with attributes of privacy, security and compliance with data regulations, including those likely to be in force in the near future.