Hardware Wallet Manufacturer Foundation Devices Raises $2 Million In Seed Round

Hardware Wallet Manufacturer Foundation Devices Raises $2 Million In Seed Round
фото показано с : bitcoinmagazine.com

2021-6-11 19:41

Bitcoin hardware wallet manufacturer Foundation Devices has raised $2 million in a seed round led by venture fund Bolt.

Foundation Devices, a bitcoin hardware wallet manufacturer, has announced it has raised $2 million in a seed round led by early-stage venture fund Bolt. Along with the round, Tyler Mincey, a partner at Bolt who previously worked at Apple, will join the Foundation board.

"Foundation is building the open hardware foundation for Bitcoin and a decentralized internet," the manufacturer stated in the announcement. "We believe that a new internet, powered by open-source software, must run on open hardware. Our goal is to build a new category of sovereign computing to serve as an open platform for development of a decentralized internet."

The hardware wallet manufacturer began shipping its first product, Passport, last month. With the seed round, Foundation plans to improve Passport with firmware updates and design enhancements and launch a companion software for the product.

In addition, the company has started expanding its team, which up to this point consisted only of its four cofounders. Foundation is looking for engineers in the software and mechanical fields, designers, and people to staff customer support and social media.

Existing investors Warburg Serres, Fulgur Ventures and Inflection also participated in the seed round, along with new investors Third Prime, Massachusetts Avenue Capital, Unpopular Ventures and Deep Ventures.

Foundation Devices CEO Zach Herbert has a stated focus on providing open-source hardware wallets, aiming to empower individuals to use and store bitcoin while maintaining their sovereignty. According to Herbert, Foundation's Passport is assembled in the U.S. and based on open-source code from Coldcard and Trezor.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Intelligent Trading Foundation (ITT) на Currencies.ru

$ 0 (+1.88%)
Объем 24H $0
Изменеия 24h: 4.29 %, 7d: -9.97 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0031295 (-100%)

hardware round million seed wallet foundation manufacturer

Источник: bitcoinmagazine.com

hardware round → Результатов: 19


CoinMine Secures $2.5 Million In Funding to Foster Crypto Mining Product Line

The crypto mining company CoinMine, which is focused on manufacturing crypto hardware and software, has recently announced that it was able to get $2.5 million USD its latest seed investment round. The seed round was led by M13 Ventures, Gumi Crypto, Shervin Pishevar A representative of the company affirmed that the investment round was so […]

2019-8-15 22:51


In the Daily: Pro-Crypto Presidential Candidate, Kleros and Ethfinex Partner, Hardware Wallet Updates

In Friday’s roundup of news from across the cryptosphere, we look at the rise of U. S. presidential candidate Andrew Yang and his acceptance of cryptocurrency donations. We also detail a new partnership between Kleros and Ethfinex that will see the Ethereum-based exchange utilize crowdsourced jurors to govern token listings.

2019-3-8 16:12


Фото:

Bitfury Acquires Minority Stake in Final Frontier, Aims To Expand Services

The Bitfury Group has acquired a minority stake in blockchain services firm Final Frontier. Both organizations are looking to utilize each other’s knowledge and experience in the traditional and digital finance spaces to potentially release a new line of financial products and services designed to assist professional investors in getting their hands on digital assets.

2018-11-14 00:53


Фото:

BitFury $80M Funding Round Attracts Galaxy Digital’s Novogratz

Bitcoin mining infrastructure company BitFury Group has closed a private funding round worth $80 million from both global and cryptocurrency-focused investors. Cash To Fund ‘Hardware And Software’ Objectives In a press release November 6, BitFury, which is also rumored to be planning an IPO, revealed Mike Novogratz’s Galaxy Digital to be among the participants in the round, which was led by European venture capital firm Korelya Capital.

2018-11-7 11:00


New Bitmain IPO Drama: Temasek Threatens Withdraw Due to $560 Million Misrepresentation

Report Claims Bitmain Already Has $560 Million in Commitments for the Pre-IPO Round, But the Investor is Threatening to Pull Deal There’s big drama in the cryptocurrency community tonight as it’s being reported that Chinese mining hardware giant Bitmain has already secured $560 million in commitments for its pre-IPO round. It’s not all good news, […]

2018-8-26 20:24


Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

How to set up hardware wallets for securing your crypto assets

Hardware wallets, often known as “cold storage” devices, are a kind of cryptocurrency wallet that saves private keys in a hardware device that the user may keep readily accessible. Hardware wallets store your private keys offline, making them hack-proof and suitable for storing valuable assets like cryptocurrencies and NFTs.