ShoCard Secures $4 Million

Security startup ShoCard announced the close of $4 million in financing. Seven investors participated in the round: Morado Venture Partners, AME Cloud Ventures, Storm Ventures, Danhua Capital, Correlation Ventures, Recruit Strategic Partners, and Robert Tinker.

ShoCard is a digital identity and authentication platform built on a public blockchain data layer, using key encryption and data hashing to store and exchange identity data, which includes biometrics such as fingerprint, facial, iris, and voice. ShoCard’s approach to identity is different from existing solutions because the user owns and carries her own data within her mobile app and is the only person who decides with whom to share it and which pieces of identification to share.

The company revealed that ShoCard will use the funds to offer the same caliber of efficiency, optimal user experience, and superior security for the workplace.