Impervious secures a pre-seed financing round led by Trammell Venture Partners to accelerate development of censorship resistant technologies and to simplify application development on the Bitcoin Lightning Network.
What is Impervious.ai?
Impervious is building Bitcoin’s third programmatic layer to enable secure, streaming and censorship-resistant applications – via the Impervious API and VPN.
Impervious.ai Pre-Seed Funding Investors
- Trammell Venture Partners
- Strategic Cyber Ventures
- Ten-31
- Deflation.vc
- Mike Doniger
Impervious.ai venture round was led by Trammell Venture Partners. Strategic Cyber Ventures, Ten-31, Deflation.vc, and Mike Doniger, Former Director of Research at Citadel Fundamental Strategies also participated in the venture round. The funding amount was not disclosed by the company.
Impervious CEO, Chase Perkins, said:
“The Impervious API enables any developer to build on the Lightning Network, ultimately giving rise to Bitcoin’s third layer of cryptographically secure, streaming, and censorship-resistant applications. The next generation of applications and services need not be beholden to the whims and wishes of third party intermediaries. Impervious represents a radical shift in discretion and control over data back to the parties actually creating and consuming it.”
Christopher Calicott, TVP’s Managing Director, said:
“Impervious is working to standardize privacy and censorship resistance for all software developers via a Bitcoin-native programmatic layer where these features are not bolted on but inherent to the technology stack itself.”
As an example of what can be developed utilizing the Impervious API, Impervious is releasing a dynamic VPN that leverages the Lightning Network to provide on-demand, high-bandwidth VPN services. The Impervious API can operate from behind hostile networks and denied access areas using the Lightning Network as a credential exchange and transport layer to establish peer-to-peer, secured channels for censorship resistant data transmissions.
Applications being built on the Impervious.ai API include peer-to-peer streaming video, podcasts, live events, news reporting, distributed storage, and VOIP-based communications.
Impervious CEO, Chase Perkins elaborated;
“There are only two plausible futures. One where centralized intermediaries and gatekeepers have greater discretionary control over your life and business. The other is where they have far less. Impervious is enabling the latter.”