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Voatz

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Mobile election voting platform, secured via smart biometrics, real time id verification and the blockchain for irrefutability

Boston, United StatesFounded 2015Cybersecurity
Valuation $25–50M Last recorded · 2021
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Voatz and the history behind them.

About Voatz

Voatz is a for-profit, private company operating in the election technology sector, providing a mobile-first voting platform. It was formally established in late 2016 by brothers Nimit and Simer Sawhney. The idea originated after the founders, drawing on personal experiences of witnessing voter coercion in their native India, won a 'Hack to the Future' competition at SXSW in 2014 with a prototype for a secure mobile voting app. Nimit Sawhney, the CEO, has a background in mobile and cybersecurity, while his brother's expertise is in enterprise SaaS software.

The company's business model is based on a tiered, per-voter fee for each election, supplemented by professional services fees for setup, system integration, and enhanced security monitoring. Voatz targets election management bodies (EMBs) as its primary clients, serving a market that includes government elections, state political parties, universities, and private organizations like unions. Significant milestones include being the first to use a mobile, blockchain-based system in a U.S. federal election in West Virginia in 2018 for overseas and military voters, and later being used in the 2020 U.S. Presidential election in Utah County. The company has facilitated over 125 elections and is a graduate of the Techstars Boston and MassChallenge accelerators.

The Voatz platform enables users to vote via a smartphone or tablet. The process is permission-based, requiring an invitation from a verified election organizer. Voter identity is verified through a multi-step process: the user submits a photo of a government-issued ID and a 'selfie' video, which are compared using facial recognition technology, sometimes by a third-party service like Jumio. Once authenticated against voter rolls, the voter uses biometrics (like a fingerprint) or a 6-digit PIN to cast an anonymized ballot. Voatz states that personally identifiable information is deleted after verification. The platform utilizes a permissioned blockchain, based on Hyperledger's open-source software and hosted on distributed servers, to create an immutable and auditable record of the anonymized votes. For many government elections, the system produces a paper ballot from the digital record for final tabulation, integrating with existing infrastructure.

However, Voatz's approach has generated considerable debate within the cybersecurity community. Security experts have raised concerns regarding the system's security and lack of transparency. A 2020 report by MIT researchers, followed by a security audit from Trail of Bits that was paid for by Voatz, identified numerous high-severity vulnerabilities. The company has disputed these findings, highlighting its successful track record of over 70 elections without a breach and noting that it was the first remote voting platform to complete testing with a Federally-certified Voting Systems Test Laboratory (VSTL) in July 2020.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2015
Headquarters
Boston, United States
Employees
14
Open positions
None listed
Dealroom signal
75.4/100
Industry
Security
Sub-industry
Identity & Access
Sector
Politics, Governance, Verification, Bank, Sustainable Development Goals, Cybersecurity, Govtech and Civictech, Hard Tech, DT and LS
Technology
Blockchain, Deep Tech
Client focus
b2b

Funding history

7 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
EARLY VC✓Equity / VC Apr 2021 $1.3M $35M Undisclosed —
SERIES A✓Equity / VC Jun 2019 $7M $28M Medici Ventures · Techstars · Oakhouse Partners · Urban Innovation Fund —
Showing the latest 2 of 7 recorded eventsBook a demo for the full funding history →

Growth signals

Voatz website traffic

Latest recorded traffic for Voatz is 3.3K monthly website visits, down 10.8% over the last three months. Voatz's team declined 6.7% over the past year.

Latest monthly visits3.3K 3-month web change-10.8% 1-year team growth-6.7%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

13 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed4 investors entered at this stage

  • Envestnet
  • Techstars
  • MassChallenge
  • Medici Ventures

Series A4 investors entered at this stage

Other known investors5 additional known investors

  • Bantam Group
  • Eldridge
  • Riyadh Techstars Accelerator
  • TBD Angels
  • Walnut Venture Associates
Team profiled 7 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
2 countries with
team presence
🇺🇸 United States87.5%
🇨🇦 Canada12.5%
2 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Voatz on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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