SigmaLedger
SigmaLedger is a privately held SaaS company that operates a DLT-based platform for US coupon validation (CuBE), supply chain traceability (SL.Direct, SL.Enterprise), and consumer product authentication (SL.Verify), serving retailers, consumer brands, and SMB manufacturers.
- Company typePrivate
- Founded2017
- HeadquartersJersey City, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What SigmaLedger does
SigmaLedger, Inc. is a privately held SaaS company that operates a distributed ledger technology (DLT) platform addressing two adjacent verticals: coupon validation and supply chain anti-counterfeiting/traceability. The company is headquartered at 123 Town Square Place #504, Jersey City, NJ, with a secondary office in Switzerland, was founded in 2017, and operates with 11-50 employees. It is led by co-founders Oleksandr Rivkind (CEO) and Roman Polupanov (COO) and is backed by EPAM Systems (NYSE:EPAM) via a 2018 seed round.
The portfolio is organized around three core product lines plus consumer and infrastructure components. CuBE is the largest coupon validation and fraud prevention network for US retailers and brands, performing real-time Positive Offer File (POF) verification of AI 8110 paper and AI 8112 universal coupons; Coupon24 distributes 8112 universal coupons to high-intent shoppers; SL.Direct and SL.Enterprise provide DLT-based product tracking, provenance verification, and anti-counterfeiting for short and complex supply chains respectively; and SL.Verify is a free consumer mobile app for product authenticity checks. The underlying technical stack includes per-item SLID identifiers stored on a distributed ledger, DLT-notarized validation, POS integration via API in offline/online/hybrid modes, a public network monitor, and GS1 compliance. Strategic ecosystem ties include partnerships with EPAM Systems and memberships in GS1, the Enterprise Ethereum Alliance, and the Association of Coupon Professionals.
Revenue is generated through subscription (SL.Direct, SL.Enterprise), transaction-based fees (CuBE coupon validation), and unit-based pricing for SLID generation, with a freemium tier providing 1,000 unique product codes free for 12 months. Go-to-market is multi-motion: enterprise field sales targeting retailers and brands, API/POS integration partnerships for distribution, and product-led growth for SMB short-supply-chain users and consumer SL.Verify downloads. Named enterprise customers include Procter & Gamble and Walgreens via CuBE, while consumer reach is via the free SL.Verify app. The company remains in early commercial scaling, with its public network monitor still in test mode preparing for beta launch.
SigmaLedger firmographics
Firmographics- Name
- SigmaLedger
- Legal name
- SigmaLedger, Inc.
- Website
- https://sigmaledger.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- SigmaLedger is a privately held SaaS company that operates a DLT-based platform for US coupon validation (CuBE), supply chain traceability (SL.Direct, SL.Enterprise), and consumer product authentication (SL.Verify), serving retailers, consumer brands, and SMB manufacturers.
- Ownership category
- akta.pro rank
SigmaLedger industry classification
Industry- Product category
- Supply Chain Traceability and Anti-Counterfeit Software
- NAICS
- Security Systems Services (except Locksmiths) (561621), Packaging and Labeling Services (56191)
- SIC
- Services-Consumer Credit Reporting, Collection Agencies (7320), Services-Testing Laboratories (8734)
- akta.pro primary industry
- Fraud Detection & Prevention (payments fraud, account takeover, scams) (FSAGAFAE)
- akta.pro secondary industries
- Security Testing Tooling (SAST/DAST for smart contracts, fuzzing) (FSAPAJAK), Regulatory Reporting, Tax & Audit Trails (reconciliation, provenance) (FSAPAJAI), On-Chain Reputation, Identity & Attestation for Governance (DID, badges, sybil resistance) (FSAPAHAF)
Keywords
Where SigmaLedger is headquartered
LocationHeadquarters
- HQ city
- Jersey City
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
SigmaLedger business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- SaaS Subscription: Cloud-based SaaS platform with subscription model. Products include SL.Direct for businesses with short supply chains and SL.Enterprise for complex supply chain integration. Pricing not publicly disclosed.
- Coupon Validation Services: Transaction-based coupon validation services through CuBE network. Real-time validation of paper (8110) and universal (8112) coupons with POF verification for retailers and brands.
- Product ID Generation: Free tier provides 1000 unique product codes free for 12 months. Additional codes likely available for purchase under unit pricing model.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Monthly | Free Tier |
| Subscription | Pay-as-you-go | Beta Platform |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels6 records
SigmaLedger product offering
Product offeringCore offering
SigmaLedger sells a DLT-based SaaS platform that delivers supply chain transparency, counterfeit prevention, and real-time coupon validation. Core product lines include CuBE (largest coupon validation and fraud prevention network for US retailers and brands, supporting AI 8110 paper and AI 8112 universal coupons via POF verification), Coupon24 (universal coupon distribution network), and SL.Direct/SL.Enterprise (product provenance tracking and anti-counterfeit traceability using the SLID identifier system), plus the SL.Verify consumer mobile app for authenticity checks.
Product overview
SigmaLedger offers a portfolio of DLT-based solutions organized around three core product lines: CuBE for coupon validation and fraud prevention, Coupon24 for coupon publishing and distribution, and SL.Direct (with SL.Enterprise) for supply chain transparency and counterfeit prevention. SL.Verify provides a consumer-facing mobile app for product authenticity verification. The company also operates a public network monitoring dashboard. The platform leverages distributed ledger technology for trust and data protection across supply chain members without central authority.
Differentiator
Problem solved
Functional benefit
Brands
- CuBE: Universal solution for coupons and rewards - the largest coupon validation and fraud prevention network for retailers and brands in the United States
- Coupon24
- SL.Direct
- SL.Enterprise
- SL.Verify
Products and services
- CuBE Largest coupon validation and fraud prevention network for retailers and brands in the United States. Validates 8110 paper and 8112 universal coupons in real time using DLT-based Positive Offer File (POF) verification to detect forged, expired, and duplicated coupons and reduce fraud at point of sale.
- Coupon24 Performance-driven coupon publishing network for distributing 8112 universal coupons to high-intent shoppers, improving redemption rates and offering brands an alternative to traditional social media channels.
- SL.Direct DLT-based supply chain transparency platform that enables product tracking across the value chain, provenance verification, and counterfeiting reduction through secure distributed ledger technology. Targets businesses with short supply chains via a self-service model.
- SL.Enterprise Enterprise-grade supply chain solution for businesses with higher complexity, supporting integration with multiple members of the supply chain including manufacturers, distributors, retailers, and authorities. Also suitable for online e-stores; offers a common decentralized products repository and ledger across all supply chain members.
- SL.Verify Free mobile application available on Google Play (and iPhone) that lets consumers verify product authenticity by scanning product identifiers, protecting against counterfeit and fake goods purchases. Delivered with no ads or in-app purchases.
Quantifiable outcome
- Saves on clearing fees through zero delay in-POS validation
- +2 more outcomes
Companies that use SigmaLedger
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles3 records
SigmaLedger technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability2 records
Feature5 records
SigmaLedger partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core and minor.
- EPAM Systems (NYSE:EPAM)coreSigmaLedger partners with EPAM Systems to help clients fight counterfeit and drive adoption of DLT for supply chain. EPAM is a software product development and platform services company. The partnership secures EPAM seed funding and leverages EPAM's technical expertise.
- ACP (Association of Coupon Professionals)minorACP membership with logo presence. ACP is the trade association for the coupon industry providing marketing and industry networking opportunities.
Scale indicators4 records
Recent moves6 records
Expansion highlights6 records
SigmaLedger competitors and assessment
Company assessmentDirect peers
- Chronicled: Blockchain-based supply chain provenance and anti-counterfeit platform serving pharma and consumer goods. Closely comparable to SigmaLedger's SL.Direct/SL.Enterprise DLT-based traceability product.
- BlockVerify: Blockchain-based anti-counterfeit and product authentication platform. Directly comparable to SigmaLedger's SLID-based product authenticity verification use case.
- Inmar: Operates one of the largest US coupon processing and validation networks for retailers and manufacturers. Directly competes with CuBE on AI 8110/8112 validation and POF-based fraud prevention.
- Quotient Technology (now Neptune Retail Solutions): Promotional and coupon technology platform serving major retailers and CPG brands. Directly comparable to SigmaLedger's CuBE for retailer/brand-side coupon validation, fraud prevention, and digital promotion distribution.
Emerging players
- Modum: Blockchain-based supply chain monitoring and anti-counterfeit platform, initially focused on pharma. Comparable to SigmaLedger's SL.Direct for DLT-based product integrity verification.
- Authentic Network (now part of Bayer): Consumer goods anti-counterfeiting platform using unique digital IDs and blockchain-backed provenance. Directly comparable to SigmaLedger's SLID + DLT approach for product authentication.
- VeChain: Enterprise-grade public blockchain platform focused on supply chain traceability and product authentication. Comparable to SigmaLedger's SL.Enterprise for multi-party DLT-based provenance at greater scale.
Broad incumbents
- SAP (Blockchain / Digital Supply Chain): Provides enterprise blockchain traceability capabilities within its broader supply chain software portfolio. Comparable to SigmaLedger's SL.Enterprise as a broader incumbent in product traceability.
- IBM (Blockchain / Food Trust): Operates enterprise blockchain networks including IBM Food Trust for supply chain traceability. Broad incumbent comparable to SL.Enterprise, with deeper enterprise relationships and larger deployment footprint.
- Rakuten (formerly Coupons.com): Major digital coupon publisher and cashback platform. Comparable to SigmaLedger's Coupon24 for performance-driven distribution of digital coupons to high-intent shoppers.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
SigmaLedger social profiles
Digital presenceSigmaLedger financial estimates
Financial estimateRevenue estimate
Valuation estimate
SigmaLedger leadership team
Management profileNumber of profiles
Profiles2 records
SigmaLedger subsidiaries and ownership
Company hierarchySubsidiaries3 records
SigmaLedger funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SigmaLedger M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SigmaLedger
What does SigmaLedger do?
SigmaLedger sells a DLT-based SaaS platform that delivers supply chain transparency, counterfeit prevention, and real-time coupon validation. Core product lines include CuBE (largest coupon validation and fraud prevention network for US retailers and brands, supporting AI 8110 paper and AI 8112 universal coupons via POF verification), Coupon24 (universal coupon distribution network), and SL.Direct/SL.Enterprise (product provenance tracking and anti-counterfeit traceability using the SLID identifier system), plus the SL.Verify consumer mobile app for authenticity checks.
Is SigmaLedger a public or private company?
SigmaLedger is a private company. It is classified as venture growth investor backed and is currently operating.
When was SigmaLedger founded?
SigmaLedger was founded in 2017. It employs 11 to 50 people.
Where is SigmaLedger based?
SigmaLedger is headquartered in Jersey City, United States, in the North America region.
How does SigmaLedger make money?
Three revenue lines are on record. SaaS Subscription is the primary driver. The others are coupon Validation Services and product ID Generation.
Who are SigmaLedger's main competitors?
Direct peers on record are Chronicled, BlockVerify, Inmar and Quotient Technology (now Neptune Retail Solutions). Emerging players are Modum, Authentic Network (now part of Bayer) and VeChain. Broad incumbents are SAP (Blockchain / Digital Supply Chain), IBM (Blockchain / Food Trust) and Rakuten (formerly Coupons.com).
Does SigmaLedger have an API?
No public API is recorded for SigmaLedger.
What industry is SigmaLedger in?
SigmaLedger's product category is Supply Chain Traceability and Anti-Counterfeit Software. Its primary akta.pro industry code is FSAGAFAE, Fraud Detection & Prevention (payments fraud, account takeover, scams), with a secondary code of FSAPAJAK, Security Testing Tooling (SAST/DAST for smart contracts, fuzzing). Its NAICS code is 561621 and its SIC code is 7320.