Sunday, 8 Dec 2019

A blockchain project backed up USD 102 million in funding from the public investors

In an attempt to develop an Internet Computer, a decentralized cloud startup raised about USD 102 million to further extends its work in their mission and vision of the company. Dfinity is a Switzerland based company which is working to build a decentralized cloud computing platform. Dfinity saw investments from Multicoin Capital, SV Angel, Aspect ventures, Village Global, Amino Capital and many more investors.

A blockchain project backed up USD 102 million in funding from the public investors

Throughout the year Dfinity has claimed to raise about USD 200 million by so far for the blockchain project, earlier in the month of February it raised a fund of USD 60 million and from there on small amount of funds had been showering on the company, but this huge investment from the investors is overwhelming for the company since they didn’t expect this amount of investment.

As the company has planned to take the projects publicly i.e. accessible to the general public for the betterment of the society and has already started publishing the demonstration to the public on the usage point of view.

The spokesperson from the company said that with this new technology enabled the next generation of software and services could be achieved, apart from this the network would be more secure and cheaper to operate by the public.

The founder and chief scientist Dominic Williams, says that this is the first time for a startup to witness the overwhelming response from the investors, as all the employees truly believe in providing absolute quality in services and support to the public. As blockchain project like this requires the resources to deploy the operational functionality of the project, which the company thought of getting it done from the potential investors. After pitching out the idea to the investors about the project, the company got an overwhelming response for the investment.

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