Andreessen Horowitz, Polychain Capital Guide Blockchain Startup’s New $105 Million Funding Round

Swiss and US-centered blockchain cloud computing startup DFINITY has shut a new funding round well worth above $100 million from repeat backers which include Andreessen Horowitz, it verified August 29.

DFINITY, which aims to create what it describes as an “Internet Laptop,” lifted a total of $102 million Swiss francs ($105 million) from companions that also showcased blockchain-focused investment decision outfit Polychain Money.

Each Polychain and Andreessen through its expense fund a16z experienced formerly participated in the startup’s expenditure, contributing to a $61 million round in February.

Getting raised a whole of just underneath $200 million due to the fact its basis in 2015, DFINITY in the end wants to develop a platform which will “host the world’s subsequent technology of application and products and services on a general public network,” TechCrunch rates a16z associate Chris Dixon as stating.

“The Internet Personal computer is on monitor to turn into a important piece of the foreseeable future technological know-how stack,” he added.

The go marks a additional motivation from Andreessen to the cryptocurrency sphere, the enterprise in April getting to be aspect of a $133 million funding round in blockchain project Basis’ stablecoin.

A lot more a short while ago, in July, Andreesen participated in a $45 mln funding round for blockchain cloud computing system Oasis Labs as element of its system to enable businesses adopt blockchain.


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