News Blockchain Startup Digital Asset Raises $35 Million Through Series...

Blockchain Startup Digital Asset Raises $35 Million Through Series C Funding Round

-

- Advertisment -

Blockchain Startup Digital Asset Raises $35 Million Through Series C Funding Round

Digital Asset, a U.S.-based blockchain startup that created the open-source DAML smart contract language, announced on Wednesday it secured $35 million through its Series C funding round The latest financing round brings the total amount raised by Digital Asset since its establishment in 2014 to $150 million.

Digital Asset notably builds distributed, encrypted straight-through processing tools. The company’s technology claims to improve efficiency, security, compliance and settlement speed. Yuval Rooz, Co-Founder and CEO of Digital Asset, explained:

“DAML allows you to focus only on what you need to do to differentiate your product and eliminate the complexity that doesn’t provide value to your organization. Ninety percent of development time is wasted on undifferentiated work. With this new funding we will go further on this mission to focus on the 10 percent value-add by providing a world class smart contract experience regardless of where your application runs.”

Speaking about the investment round, Emnet Rios, CFO and COO of Digital Asset, shared:

“We’re delighted by our investors’ ongoing commitment to helping Digital Asset succeed and achieve its vision. This new funding will allow us to further expand our support for DAML-enabled platforms, build on the momentum we’ve seen behind DAML worldwide, and serve a growing client base across multiple industries.”

Digital Asset added that the funds will be used to accelerate the adoption of DAML across multiple industries, expand the number and variety of DAML-enabled partner products and fund new products designed to enhance the DAML developer experience, specifically project DABL, a cloud-based prototyping and production environment for DAML applications.

Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Data-Intensive Sector Has A Lot More To Explore With Blockchain Technology

Blockchain technology in Data-Intensive sectors is gaining huge recognition in the market. It is used in building...

4 Tips on How To Succeed on Bitcoin Trading

Bitcoin is a type of cryptocurrency which has grabbed the attention of countless people from different countries....

The First Cryptocurrency Bank License Is Now Granted

This is a historic development. A milestone in Bitcoin's path to broad acceptance and recognition. The State...

Yield Farming Program “Volcano” Kicks off Dutch Auction for Cryptokitties KittieFIGHT Game

In the fall of 2017, along with the rallying of Bitcoin and other digital assets, Cryptokitties dominated...
- Advertisement -

Ministry of Foreign Affairs of Denmark may use Blockchain to tackle corruption

We have already moved to the stage in our lives where technology plays an important role in...

What Lessons Can The World Learn From Venezuela’s Newfound Love For Crypto?

It is often the case that great changes are forced out of necessity, rather than a willingness...

Must read

Data-Intensive Sector Has A Lot More To Explore With Blockchain Technology

Blockchain technology in Data-Intensive sectors is gaining...

4 Tips on How To Succeed on Bitcoin Trading

Bitcoin is a type of cryptocurrency which...
- Advertisement -

Read Next
Recommended to you