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Venture Capital News: DUST Identity Secures $40M Series B Round

2023-12-05
BOSTON, MA, DUST Identity today announces a $40 million Series B round alongside a partnership with Oxygen Esports.
DUST Identity, whose technology enables product authentication by linking physical items to their digital records, announced today the launch of its mobile solution, which is fueling its growth into new industries. Initially designed for high-security applications, the company is now expanding its offerings to include the authentication of luxury goods, artwork, game-used apparel and memorabilia, and other one-of-a-kind items. This expansion comes as DUST signs a partnership with Oxygen Esports and raises $40M in Series B funding.

The partnership with Oxygen Esports and launch of the company's mobile solution follows a $40 million Series B round led by Castle Island Ventures, with participation from Amex Ventures, Kleiner Perkins, Airbus Ventures, 8VC, and others.

DUST Identity is a leading authentication and anchored digital thread solution for real-world objects that connects data to physical things. DUST Identity's award-winning anchored digital thread solution delivers the ability to track and trace an object's pedigree and provenance throughout its lifecycle - providing access to the right information at the right place and time.
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