On Friday May 20th, Impervious Technologies (impervious.ai) closed 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. 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 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,” said Impervious CEO, Chase Perkins. “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."
"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,” said Christopher Calicott, TVP's Managing Director.
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."
Impervious is building Bitcoin’s third programmatic layer to enable secure, streaming and censorship-resistant applications - via the Impervious API and VPN.
Trammell Venture Partners is an Austin-based early-stage venture capital firm focused on investing in highly technical companies in three core areas including Bitcoin-native technologies, security and privacy tech, and applied AI. Today, TVP is focused on backing founders building on the various layers of the Bitcoin protocol stack via the industry’s first dedicated Bitcoin-native mandated VC fund.
Friday, May 28, 2021