Basis Theory

Basis Theory provides a tokenization platform for collecting, protecting, and using sensitive data while reducing the number of systems that directly handle the original data. The platform is designed to help technical teams build financial-services, marketplace, and healthcare applications that process sensitive information. According to Basis Theory, its environment supports Payment Card Industry (PCI) Level 1 requirements, Service Organization Control (SOC) 2 Type II controls, and Health Insurance Portability and Accountability Act (HIPAA) workflows; organizations should assess the platform against their own PCI, HIPAA, General Data Protection Regulation (GDPR), and data-residency obligations.

Founded in 2020, Basis Theory reports investment from Costanoa, Bessemer Venture Partners, Kindred Ventures, and other firms.