Fundraising Fox

Polyverse

Bellevue, US · Founded 2012 · Delaware corporation · 2 known investors

Polyverse is building a privacy-preserving AI data network and marketplace (VerseOS) that uses fully homomorphic encryption (FHE) and zero-knowledge proofs to protect user data while enabling AI training. It positions itself as a decentralized, Web3-based global user data engine for the AI era.

Also known as Polyverse AI · Polyverse Corporation

Founders & leadership

Polyverse was founded in 2012 by Alexander Gounares.

AG
Alexander GounaresFounder

Investors · 2

Reported raises · per SEC filings

Form D private placements

$38M disclosed across 8 of 10 rounds · 2013–2023

$20KraisedOct 2023 · 1 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Curtis BrownExecutive Officer
  • Stephen FisherExecutive Officer
  • Alexander GounaresExecutive Officer, Director
Offering amount
$1M
Amount sold
$20K
First sale
Oct 2023
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$16MraisedSep 2020 · 85 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Alexander GounaresExecutive Officer, Director
Offering amount
$16M
Amount sold
$16M
First sale
Aug 2020
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$11MraisedJan 2020 · 51 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Alexander GounaresExecutive Officer, Director
Offering amount
$11M
Amount sold
$11M
First sale
Dec 2018
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$2MraisedApr 2018 · 21 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • ALEXANDER GOUNARESExecutive Officer, Director, Promoter
Offering amount
$2M
Amount sold
$2M
First sale
Dec 2017
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$4MraisedMay 2017 · 27 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • KATIE THOMPSONExecutive Officer, Promoter
  • ALEXANDER GOUNARESExecutive Officer, Director, Promoter
Offering amount
$4M
Amount sold
$4M
First sale
Apr 2017
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$2MraisedApr 2016 · 6 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Katie ThompsonExecutive Officer
  • Alexander GounaresExecutive Officer, Director
Offering amount
$2M
Amount sold
$2M
First sale
Mar 2016
Incorporated
Corporation, Delaware, 2012
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$1MraisedJul 2015 · 12 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Alexander GounaresExecutive Officer, Director
Offering amount
$1M
Amount sold
$1M
First sale
Jun 2015
Incorporated
Corporation, Delaware, 2012
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$2MraisedMar 2014 · 14 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Alexander GounaresExecutive Officer, Director
Offering amount
$2M
Amount sold
$2M
Minimum investment
$25K
First sale
Nov 2013
Incorporated
Corporation, Delaware, 2012
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Polyverse is a Bellevue, Washington company that describes itself as building a privacy-preserving AI data engine — positioned as a "decentralized Google" for the AI era — intended to form a large-scale global user data network in which data confidentiality is preserved while the data remains usable for AI training. Its stated privacy stack combines fully homomorphic encryption (FHE) with zero-knowledge proofs (ZKP), paired with blockchain-based incentives. The company markets a product it calls VerseOS, an AI data marketplace (ADM), together with a modular AI data architecture and an "AI data flywheel" concept describing a self-reinforcing data ecosystem. The data layer is presented as applicable to generative AI, decentralized AI, DeFi, DePIN, metaverse applications and large language models.

The company's earlier business was enterprise cybersecurity. Its flagship product, Polyverse Linux (also referred to as Polymorphic Linux), hardened open-source Linux distributions such as Ubuntu and Fedora against remote takeover by generating a slightly different, unique build of the operating system every 12 hours. This form of moving target defense targeted attacks that exploit memory bugs by continually altering the most likely targets within a customer's software stack, and was described as protecting systems even when unpatched. As of 2019 the company was preparing a Windows version of the product, aimed at both servers and desktops, with early releases expected later that year.

Compiled by commissioned research from 5 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Timeline · 4

launches, deals, and filings
May 2019
Polyverse raises additional $1M, bringing total raised to $10M

A follow-on to the January round; investors were not disclosed. Total funding raised by the Bellevue security startup reached $10 million.

$1M source ↗

Jan 2019
Polyverse raises $2M from undisclosed strategic investors

The company raised a $2 million round from unnamed strategic investors; it did not disclose the source of the funding.

$2M source ↗

Jan 2019
Windows version of Polyverse security product in preparation

Polyverse said it was preparing a version of its moving-target-defense product for Windows machines, with early releases expected later in 2019.

source ↗

Oct 2017
Polyverse moves into WeWork Lincoln Square in Bellevue

The company relocated to the WeWork co-working space at Lincoln Square in downtown Bellevue, citing transit options and amenities for its team.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
PolyverseDelaware

In the news

Research sources · 5

primary sources listed

5 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Polyverse do?
Bellevue-based Polyverse builds privacy-preserving AI data infrastructure using fully homomorphic encryption and zero-knowledge proofs.
Who founded Polyverse?
Polyverse was founded by Alexander Gounares in 2012.
Who are Polyverse's investors?
Polyverse's investors include Delta Blockchain, SPRINGROCK VENTURES.
How much funding has Polyverse raised?
Polyverse has disclosed $38M raised across 8 of its 10 known rounds.
Where is Polyverse headquartered?
Polyverse is headquartered in Bellevue, US.