UBIQ

UBIQ Closes $6.4 Million Seed Round To Grow API Encryption Platform

Posted by Jay Bartlett November 19, 2020 11:00 pm Categories: Corporate News. Tags: API Encryption, Marc Averitt, UBIQ, Wias Issa.

Ubiq Security announced it has raised $6.4 million in a seed equity investment round. The round was led by Okapi Venture Capital, an early investor in Crowdstrike, with participation from TenOneTen Ventures, Cove Fund, DLA Piper Venture, Volta Global, and Alexandria Venture Investments. Ubiq will use the funds to accelerate platform development, developer relations, and customer acquisition. Ubiq has built an API-based developer platform that eliminates the traditional complexities of encryption and key management.

How An Innovative Control Room Can Help Secure The Budding Cannabis Market

It’s no secret that the cannabis industry is growing. Numerous states across the United States, from California to Maine, have legalized recreational cannabis, with 33 total states allowing cannabis for medicinal uses. And it’s not just the United States that’s seeing this trend: Canada’s official legalization of recreational cannabis took effect last October. This growth is leading to incredible opportunities in the industry, with the global market valued at $10.3 billion in 2018 and projected to reach $39.4 billion by 2023. This market opportunity expands far beyond the companies that directly deal with the cannabis plant, with numerous adjacent businesses on track to experience benefits.