Spherity

Spherity is a German startup founded in 2017 with the slogan "Credentialing the World." The company is focused on providing decentralized identity management solutions for the 4th Industrial Revolution and the emerging concept of the 'Internet of Everything'. Their target client industries include pharmaceuticals, mobility, and logistics. In particular, Spherity is aiming to introduce identity solutions in the Industrial Internet of Things (IIoT) market, which is projected to reach a value of over €400 billion by 2030, with an estimated 75 billion connected devices by 2025. Their recent funding round saw an investment of €2.50M from Blockwall Capital on 13 March 2024. Spherity's innovative approach to secure identities for machines, algorithms, and non-human entities puts the company at the forefront of the evolving technological landscape.