VC Firm Acquires Majority Interest in Gray Matters, Inc.

ANNAPOLIS, MD, March 21, 2023 – Gray Matters, Inc. (GMI), a subsidiary of WaveDancer, Inc. announced today that it was acquired by Gray Matters Data Corporation (GMDC). GMI developed and managed the company’s blockchain-enabled supply chain management technology, Maverix®.  Moving forward the business will market and sell itself exclusively as Gray Matters, Inc.

To help fuel Maverix’s growth, Venture Capital firm StealthPoint LLC is leading the Series A investment round.

“After decades of experience in the logistics and SaaS software industries, I’ve been paying attention to the development of Maverix. When the opportunity presented itself to invest and continue the momentum the WaveDancer team has started, I was very excited,” said Graham Napier, one of the General Partners at StealthPoint. “Supply chains are riddled with issues that a blockchain-enabled supply chain platform, like Maverix, can solve and create tremendous cost savings and efficiencies for their operators. I see a lot of potential in this offering; we’ve only begun to scratch the surface of what’s possible.”

StealthPoint has deep experience financing, managing, growing, and selling technology companies. It plans to use the capital raised to further expand the Maverix platform and grow the Gray Matters customer base. The change in ownership will have no impact on the Maverix platform, the company’s value proposition, or its ability to service its customers.

About Gray Matters

Gray Matters Inc. (GMI) is a small technology start-up focused on delivering SaaS-based supply chain management solutions that are powered by blockchain, to federal and commercial customers. Initially developed to secure a complex international supply chain for a global U.S. Government national security organization, the technology helps customers gain unprecedented levels of accountability, auditability, and predictability from their data while giving insights to their partners and suppliers through a controlled, distributed ledger that is immutable and can be trusted by all parties. Their Maverix® platform is unmatched in the industry for its ease of use, end-to-end visibility, blockchain-enabled data transparency and integrity, and high level of security, including post-quantum resistant encryption.

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