EBI Secures $1.7M in Funding from Directors Fueling the Standard of Next-Gen Database Solutions

Additional capital strengthens the company’s market position and advances BuildDB scaling efforts

Jacksonville, FL , Aug. 22, 2023 (GLOBE NEWSWIRE) -- Everything Blockchain Inc., (OTCMKTS: EBZT), a technology company that is blending blockchain, DBMS, and Zero Trust to deliver disruptive new ways to store, manage and protect data, today announced that Michael Hawkins, the company’s Chairman of the Board, Robert Adams, and Richard Schaeffer (Independent Directors) have placed a total of $1.7 million with the company through various financing structures; to include, $955,000 in debt instruments; $480,000 purchase of real property, and $250,000 through the purchase of Series C Preferred Stock.

“The continued funding of EBI is a testament to both our company and technology’s ability to generationally improve database management, as well as the board’s confidence in the long-term value of the company,” said Toney Jennings, CEO of EBI. “We are thrilled to have the ongoing support of our investors and look forward to advancing our technology and continuing to grow our presence in the market.”

The volume of data used by enterprises today is ever-increasing, and the challenges of security, performance, and cost necessitate innovative solutions. As organizations continue to generate and utilize massive amounts of data, EBI is on a mission to set a new standard for enterprise-grade data solutions that drive resiliency and security while reducing costs to meet the new demands of business.

The company’s next-generation database, BuildDB, delivers superior performance, reduced latency, zero trust, and unmatched resilience – backed by a private blockchain architecture. BuildDB concludes a Pilot Program with United Airlines this month; and begins the implementation and design of a special project for a multi-billion dollar, energy company. BuildDB provides enterprises with a new and disruptive way to store, manage and protect data even as customers deploy applications that produce and consume ever larger datasets. BuildDB is offered as a SaaS application managed in a continuous delivery model and is available for deployment from AWS Marketplace.