Dfinity Raises $61M for Blockchain-Based...

Article published by: https://www.sdxcentral.com/
Author:Jessica Lyons Hardcastle
Source URL: https://www.sdxcentral.com/articles/news/dfinity-raises-61m-blockchain-based-open-cloud/2018/02/

Dfinity, a startup that aims to build a new blockchain-based cloud, raised $61 million from investors Polychain Capital and Andreessen Horowitz. Today’s venture round follows an initial coin offering a year ago that closed after the company raised around $3.9 million.

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The company today also announced that Polychain established a “substantial Dfinity Ecosystem Venture Fund” to finance projects that support the Dfinity Internet Computer — essentially a scalable open cloud supported by a decentralized network of computers that will compete against the likes of Amazon Web Services (AWS), Microsoft Azure, and Google.

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