UK’ Gospel Technology receives a shot in the arm by IA & Salesforce Ventures
Salesforce Ventures and IA Ventures, together, extended a little over $6.5 million to Gospel Technology as a part of Series A funding. Previously (circa February 2018), investors for Gospel Technology were LocalGlobe. Gospel Technology provides Enterprise Data collaboration software that allows businesses to access and exchange data more securely. Gospel’s platform integrates robust security in data collaboration channels between internal and external customers as well as stakeholders. The security element nurtures trust and delivers paramount data exchange without affecting business performance.
Previously, Enterprise Data Exchange meant adding layers of restricted access wherever necessary. While this works at some scale, it deteriorates enterprise agility & collaboration capabilities. Now, Gospel has nullified the need to stitch access restrictions in the fabric of Enterprise Data Security. Their solution comprises of an all-in-one solution which leverages a private ledger to create an enterprise-wide security eco-system. Businesses retain control of shared data exclusively through their credentials. This event catches IDC’ attention with IDC quoting that, “ this is the first practical enterprise application of blockchain.”
“Salesforce Ventures looks to invest in the most innovative enterprise companies globally. We are excited to support Gospel’s vision of advancing enterprise data sharing through blockchain, and we look forward to having them work more closely with our customers,” said Alex Kayyal, Partner at Salesforce Ventures.
“Google changed the way we interact with the internet. Apple changed the way we use our phones. Facebook changed the way we manage our social relationships. What’s getting people excited about Gospel is that it has the potential to change enterprises’ relationship with their data. It does this by bringing to market a breakthrough idea that fixes one of the biggest dilemmas of the Digital Economy: how to enable collaborative and flexible working without compromising on trust and security. In fact, one of the most surprising things about Gospel is why hasn’t somebody done this before?”
Roger Ehrenberg, IA Ventures, said “we are really excited to add Gospel Technology to our trailblazing community of talent and technology. We believe that blockchain can radically transform the way that organizations will collaborate and share data, resulting in improved productivity and innovation. We are looking forward to seeing how the Gospel value proposition matures and how the company acts on its vision for businesses across the world.”
This investment helps Global Technology to take a giant leap in bolstering its inventory. The company can now substantially expand its operations in –
- Partner Programs
- Dynamic Platform Development
- Cross Integrations of Applications and Services
- Streamlining Infrastructure