Gataca Attracts €1.3 Million Investment

Today marks a historic occasion for Gataca as we embark on a new chapter of growth and innovation. We are thrilled to announce the addition of Signature Ventures to our cap table, bringing a strategic investment of €1.3 million to further fuel our continued growth and innovation as we revolutionize the way people manage their digital identities.

This investment is further bolstered by the continued support of SBXi, a prominent American fund, and our remarkable early backers.

After five years of bootstrapping, we made the strategic decision to seek external funding to fully capitalize on the increasing opportunities in the digital identity space. The extra capital combined with a steady revenue stream will enable us to accelerate our growth plans and meet the surging demand for secure, privacy-preserving digital credentials and user-centric identity solutions.

For us, this funding round represents far more than just financial support. It signifies a shared vision and a commitment to transforming how individuals and organizations interact in the digital world. Over the next year, we will dedicate ourselves to expanding our solutions, strengthening our team, and solidifying our position as a leading force in the decentralized identity landscape.

We empower organizations to issue, verify, and manage verifiable credentials in a streamlined, compliant, and secure manner while enabling individuals to take control of their digital identities and seamlessly authenticate across digital services.

Our contributions to defining industry standards and our active leadership in key initiatives have established us as a global domain expert and the most mature and interoperable provider of decentralized identity solutions. As a result, governments and organizations worldwide are turning to our technology to combat identity fraud, enhance security, and elevate the user experience while ensuring seamless cross-border interoperability.

The growing market

The decentralized identity industry is booming for several reasons. Security breaches and identity fraud are on the rise, and current identity management practices are inefficient. Decentralized identity offers better security and replaces the old, problematic system of remembering passwords for each online service with easy-to-use and passwordless access.

The Decentralized Identity Market is projected to experience substantial growth, with a forecasted CAGR of 88.7% during the period from 2022 to 2028.

This growth is especially pronounced in Europe, where the imminent adoption of the updated eIDAS regulation will mandate Member States to provide certified digital wallets to their citizens and require specific organizations to accept them as an authentication method.

Scaling our products

We are committed to providing the most secure, privacy-preserving, and user-friendly solutions, and this capital injection will propel us to new heights in achieving that mission.

As we gaze into our roadmap, we are excited to introduce one of many new features set to shape the future of our product in the coming year: Digital Signatures.

Addressing the growing demand for enhanced authentication and document integrity, this feature aims to elevate the security of our platform, providing users with a seamless and reliable method for digitally signing documents and transactions.

Furthermore, in response to the recent developments in Europe with the adoption of the new eIDAS regulation, we are strategically aligning our solutions with the eIDAS toolbox. This reinforces our commitment to providing cutting-edge and compliant solutions for our users.

Growing our team

Our recent milestone speaks volumes about the remarkable team that propels Gataca forward. Now, as we stand on the brink of new possibilities, we are thrilled to expand our team across engineering, product development, business, and beyond.

If you share our passion for technology, innovation, and making a positive impact, we invite you to explore the exciting career opportunities available at Gataca. Visit our careers page.

A huge thank-you

We are thrilled to welcome our new financial partners to this new chapter at Gataca. Their expertise, industry knowledge, and shared vision are invaluable to us.

We are also grateful for the ongoing support from our early backers. This is another vote of trust in our team and what we have built so far.

Last but certainly not least, we couldn't conclude this exciting news without giving a massive shout-out to each and every one of you who have supported Gataca from the very beginning.

Together, we are paving the way for a safer and more empowered future, where we all have greater control over our digital identities. Stay tuned for what's coming next!