Blockchain Fintech News

Points Technology Raised Multi-Million Dollar Series a From K2VC

Points Technology Raised Multi-Million Dollar Series a From K2VC

Recently, Points Technology, a blockchain and AI startup announced multi-million US dollar worth Series A financing. The investment was made by K2 Venture Partners, a leading venture capital firm in China. Points technology will use the newly injected capital for continuous product research and development and further commercialization.

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Founded in 2017, Points Technology is a Series A startup backed by top VCs including K2VC, Cherubic Venture, Ceyuan & NestBio. The company also received strategic investment from China’s leading credit tech company, China ChengXin Credit, which has decades of experience in serving China’s major banks and insurance companies. Points Technology provides a high performance and configurable blockchain-based confidential computing framework. The platform enables governments, financial service firms and Internet companies to jointly develop machine learning model and perform analysis without exposing the original data to each other. Meanwhile, the platform leverages blockchain for data traceability and audits. Points Technology is a leader in the field of DLT & private AI with product deployment with a number of major financial institutions. The company also serves as a core member in global and national technical standard committees. In July 2019, Points Technology won the “Technology Pioneer Award” from the World Economic Forum, which was previously awarded to Google, Wikipedia, Palantir and Ripple back in their startup days.

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Sarah Zhang, Founder and CEO of Points Technology, received a Master degree in Business Administration from Harvard Business School and Master in Public Policy from Harvard Kennedy School of Government. Before starting Points Technology, she previously worked as senior product manager at Amazon and COO of Segway Robotics, leading teams to build and launch multiple AI & robotics products.

The core team members of Points Technology graduated from Carnegie Mellon University, Tsinghua University, Peking University and other top universities. They have worked in Microsoft, Google, Amazon, CITIC Bank, China Merchants Bank and other world-renowned technology companies and financial institutions. The team has rich experiences in developing and commercializing cutting-edge technology.

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