Basis Theory is coming out of beta and announcing that it has raised $17 million in funding, the company tells Axios exclusively.
Investors include Bessemer Venture Partners, Kindred Ventures, Conversion Capital, Offline Ventures, Ludlow Ventures, BoxGroup, and Good Friends.
Why it matters: Basis Theory's launch highlights the growing demand for tokenizing sensitive data, which allows customers to process, analyze, and share info in a secure and compliant way.
