Internet IoT Startup Binded Raises $950,000

Binded announced the close of $950,000 in financing. Four investors participated in the funding, among them Mistletoe, Vector Capital, and Social Starts.

Binded is developing technology to create unique fingerprints for all copyrighted works and store them on the blockchain. A creator uploads his or her art or photos to Binded via the website or integrations with creative tools like Instagram. Then the company creates a time stamp in the Bitcoin blockchain and provides a​ certificate as proof, all for free.

The company says its plan is to add more services that the company can potentially charge for over time, such as the ability to register with the copyright office.