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Vendia raises $15.5 million to disrupt transaction processing

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Vendia revealed it has raised $15.5 million to advance development of a Vendia Share service that enables IT teams to share data and code as well as process transactions between third parties.

Based on a serverless computing platform, Vendia’s platform makes it possible to share data and associated code that could, for example, restrict how that data is employed. The company was founded by Dr. Tim Wagner, formerly general manager and creator of the Lambda serverless computing framework at AWS, and Shruthi Rao, formerly head of business development for blockchain at AWS.

Developers can use Vendia Share to build applications that can query, update, and share data in real time with transactional semantics maintained regardless of the platforms involved. Instead of