The Canadian launch launches “considerable attention” on hiring for his new office in Toronto.
Canadian foundations Transcifts He received seven -year financing of $ 15 million ($ 20.9 million) to expand his platform for conducting and checking and checking the blockchain -based.
In the round of all shares, the Blockchain Investor Pantera Capital investor was led by a silicone valley with the participation of the Lightspeed faction, Alpha Edison, Motley Bount Ventures, the California innovation fund and co -founder of Gusto Tomer London.
Some of the stars behind the transcriptions 2023 preliminary seed round He also returned to again find his investments, including Shark TankMark Kuban, Techstars, graduates, protocols, laboratories, Apertu Capital, informed enterprises, asymmetric enterprises and Atland Foundation. The Director General of Transcrypts Zain Zaidi told Betakit that the round rated the company of more than 80 million US dollars.
New financing will help startup officially expand outside the employment accounting data to support educational and medical records.
Transcrypts was founded in 2020 from the incubator program of the University of Toronto Skarboro, Hub, Zaidi and his cousin Ali Zahir. His support platform File shiftFirst of all, employment records, and keeps them on the blockchain. Transcifts Previously launched His platform in Ukraine and Turkey, in order to allow hospitals and refugees to load, access and exchange medical cards, despite the war and earthquakes.
The company claims that its record management platform helps users to maintain full control over their personal information and check the legitimacy in the fraud era with artificial intelligence and distorting digital technologies.
New financing will help startup officially expand outside the employment accounting data to support educational and medical records in the United States and Canada next year. While his platform of medical records is in nine countries, the startup recently provided certification in accordance with the Law on Mobility and Accounts of Medical Insurance (HIPAA) in the United States.
Zaidi said that Transcrypts does not have many problems containing confidential documents such as medical records, since consumers completely own their through encrypted records. He added that the company itself cannot even see the contents.
“We consider ourselves a post office,” Zayda Betakit said. “We simply take the sealed from the issuer and transfer it to the consumer, and then we take the sealed envelope from the consumer and share it with the one who wants the consumer.”
The company that has a double headquarters between San Francisco and Toronto also plans to double its team next year, with a special emphasis on its Canadian operations. Zaidi said that 11 employees from a team of 18 people are based in Canada.
In 2023, Transcrypts said that it earns 70,000 US dollars per month and promotes documents on employment and income checks of more than a million income for 140 different enterprises. The company claims that now it supports more than 4 million users in its more than 450 corporate clients, including the company in Fortune 100 and Fortune 500. Zayy told Betakit that Transcrypts received more than $ 500,000 last month.
The image function is provided by transcriptions.
