The Seed garnered significant investor interest and was oversubscribed by $300k.
The Houston-based Blockchain as a Service company is led by its CEO, Andrew Bruce. Andrew was a former executive at National Oilwell Varco and MHWirth and is a serial entrepreneur. Andrew says his vision for Data Gumbo is to create transparent and automated contracts to reduce the friction of business across industry.
Data Gumbo has a viable product and is producing revenue. A full implementation of Data Gumbo’s system will be live on a Diamond Offshore rig by November 1st of this year, making it the first commercial installation of an industrial blockchain solution. Data Gumbo is successfully adding more customers to the platform, increasing the number of proven business cases and the commercial value of the product.
Notable investors include Houston based Carnrite Ventures and Silicon Valley’s Plug and Play along with a former CEO and other business leaders.