Vault12 is a decentralized digital custody service that aims to protect users’ digital assets. The company claims that they are the first ones who provide distributed, decentralized, and serverless digital custody where users can safeguard their cryptocurrencies with a cryptographically secure network made up of trusted people and devices. Vault12 was founded in 2014 and headquartered in Mountain View, California.
According to Crunchbase, Vault12 has 2 rounds of investments. Their latest funding was on August 21, 2018. The company was funded by 4 notable investors. Some of them are Hex Capital and Data Collective DCVC which participated in the latest funding round. Some key members of the project are Brandon Forant, the Chief Design Officer, and Vinny Lingham as one of the team advisors and board members.
In order to develop their services, Vault12 claims that they use multiple state-of-the-art technologies, including but not limited to HTML5, Google Analytics, and jQuery, according to G2 Stack. With this technology, it claims to provide the best services to prevent other cases where crypto assets are lost or stolen.
One of Vault12’s key products is Digital Inheritance, where users can make sure that their digital assets can be accessed by their descendants. Digital Inheritance allows investors to designate an individual who will inherit their entire portfolio of digital assets stored in a secure Vault. This will eliminate undue risk and the need to continually update an inventory or continually issue updated instructions.