Axuall, a digital network for verifying identity, credentials and authenticity in real-time, has closed a $3 million seed financing round with strategic, angel and venture capital investors.
Participating in the round are JumpStart (lead), Zapis Capital Group, M25, North Coast Angel Fund, Kettledrum Ventures, and Drummond Road Capital. This round of funding will be used to hire additional software engineering and product personnel, conduct several large-scale pilots, develop the company's partner network, and complete research and development for Axuall's commercial release.
Axuall is led by CEO Charlie Lougheed, an industry veteran who previously co-founded Explorys, a Cleveland-based health care big data and analytics company purchased by IBM in 2015.
