Modveon Raises $10M in Funding Round That Includes Coinbase

Dow Jones

02/10

By Katherine Hamilton

Modveon raised $10 million in funding backed by several investors, including Coinbase.

The Palo Alto, Calif., company, which builds verified operating systems for governments, on Monday said the funding will go toward modernizing how governments and citizens communicate, coordinate and transact.

Modveon said it is creating an identity-first operating system that enables verified, closed-loop digital interactions. Initial government deployments are underway, with commercial agreements in place and revenue being realized, the company said.

Alongside the cryptocurrency exchange Coinbase, other investors in the funding round included Firebolt Ventures, Humla Ventures and Strategic Cyber Ventures.

Modveon's chief executive, Nana Murugesan, worked at Coinbase for about three years as vice president of development, international and listings before co-founding Modveon in 2025.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

February 09, 2026 13:54 ET (18:54 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Initial government deployments are underway, with commercial agreements in place and revenue being realized, the company said. \n</p>\n<p>\n  Alongside the cryptocurrency exchange Coinbase, other investors in the funding round included Firebolt Ventures, Humla Ventures and Strategic Cyber Ventures. \n</p>\n<p>\n  Modveon's chief executive, Nana Murugesan, worked at Coinbase for about three years as vice president of development, international and listings before co-founding Modveon in 2025. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 09, 2026 13:54 ET (18:54 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"COIW","symbol_name":"COIN周配息ETF-Roundhill","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2610689836","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2610689836","pubTimestamp":1770663240,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Modveon raised $10 million in funding backed by several investors, including Coinbase.The Palo Alto, Calif., company, which builds verified operating systems for governments, on Monday said the funding will go toward modernizing how governments and citizens communicate, coordinate and transact.Modveon said it is creating an identity-first operating system that enables verified, closed-loop digital interactions. 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Initial government deployments are underway, with commercial agreements in place and revenue being realized, the company said. \n\n\n  Alongside the cryptocurrency exchange Coinbase, other investors in the funding round included Firebolt Ventures, Humla Ventures and Strategic Cyber Ventures. \n\n\n  Modveon's chief executive, Nana Murugesan, worked at Coinbase for about three years as vice president of development, international and listings before co-founding Modveon in 2025. \n\n\n \n\n\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 09, 2026 13:54 ET (18:54 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}