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Vendia Announces $15.5M Series A Funding and Launches Vendia Share for Developers

Vendia, a serverless, distributed data and code sharing platform, announced a $15.5M Series A funding round and launched Vendia Share with a free tier for developers. The Series A round, which comes only six months after its initial $5.1M seed round, was led by Canvas Ventures, with participation from BMW i Ventures, Sorenson Ventures, and Vendia's seed stage investors. 

Data silos are pervasive within companies, and sharing that data in real time with external partners is even more difficult. Vendia makes sharing real time data and code with partners easy and well-governed, at any scale, by bringing serverless and distributed ledger concepts together into a simple, schema-driven development approach. Customers such as BMW, Best Friends Animal Society, United Natural Foods, Inc., and a leading travel industry company use Vendia to build solutions spanning multi-party supply chains, logistics tracking, financial settlements, and to share data that powers AI/ML, Edge, and Internet of Things applications with compliance and control.

Getting started with Vendia is easy and a one week proof-of-value can demonstrate the ease with which a custom data model can be turned into a production-grade, multi-party solution.

Share and Verify Data Across Parties and Accounts with Vendia Share

Vendia is opening its powerful data and code sharing platform to all developers today at no cost, making multi-region, multi-account, multi-owner distributed applications on AWS as quick and easy as creating a new database table. Developers can use Vendia Share to build applications that allow multiple clients to query, update, and share data in real time with transactional semantics, even when they span accounts, regions, owners, or technology stacks. 

Vendia Share further simplifies application development with built-in support for web and mobile applications through automatically generated GraphQL APIs, fine-grained authorization and identity solutions out of the box, and code-free integration support for AWS Lambda, Amazon SQS, Amazon S3, and other cloud services. To start building modern applications now, visit www.vendia.net/developers.

Vendia was founded by Dr. Tim Wagner, formerly General Manager and creator of Lambda at AWS, and Shruthi Rao, formerly Head of Business Development for Blockchain at AWS. With its Series A investment, Vendia is now fast tracking its go-to-market strategies, opening new sales channels, and growing its engineering teams to expand the Vendia platform to additional cloud service providers, including Microsoft Azure and Google Cloud. 

"Developers have struggled to build applications that can span multiple regions and accounts and that can keep application data consistent, versioned, and well governed over time. With this latest round, we're looking forward to accelerating the development of the Vendia platform and growing our engineering team to give developers and customers an effortless way to share data across multiple parties with fine-grained control and a single source of truth."  -- Tim Wagner, CEO and Cofounder, Vendia
Published Wednesday, February 03, 2021 11:26 AM by David Marshall
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