Samsung Ventures’ Blocko Partner AERGO Raises $30 Million Business Data Blockchain Creation

2018-11-21 13:41

The AERGO which is a funded startup venture for Samsung and also a strategic technology partner for Blocko has just gone ahead to announce that it has been able to secure $30 million in a venture funding round. With this, the company will be able to share data through the trustless blockchain networks in the market.

Announcing the AERGO Project Backers: AERGO secures $30,000,000 in funding from top investors including Sequoia Capital. Details: https://t.co/PgMPDnFIe9 pic.twitter.com/QJbcKAdMGd

— AERGO (@AERGO_IO) November 16, 2018

The Blocko company has been able to support, develop and is planning on using the AERGO platform to expand and provide a much broader set of IT enterprise solutions together with some cloud-based applications. This will allow some development capabilities to the different clients of the blockchain technology.

About The AERGO Platform

The AERGO platform has been designed as an end to end platform with an open source that has featured some customizable hybrid and high scale blockchain deployments. It is also a server-less cloud architecture together with a data bridging technology. It was founded by the Blocko leadership team that is consisting of the enterprise-IT and a few blockchain veterans in the market.

The architecture for the particular company will allow the different enterprises to easily transfer data without having to take the necessary steps of trusting an intermediary. While all this is happening, they are flexibly governed and also integrated into the existing system.

The funds the company has gotten will be used in improving the platform in the following ways:

– They will ensure that they are able to release a new base layer for the public blockchain protocol.

– It will also ensure it delivers a set of easy to use IT integration software with the essential deployment software.

– The company will also do the necessary steps to scale out the current research and development team.

– Expect to see several new applications launched on the platform which can be used in the demonstration of use cases.

– They will also be expanding the current partner ecosystem and the current global reach of the company.

The company has been able to raise about $30 million that will be used in building the blockchain platform. One that will be able to incorporate the Blocko insights that have been gained in the delivery of 23 private blockchain products to the fintech companies, government bodies together with the enterprises in the market, this is since 2014.

For this particular funding round, it included several companies like the GBIC, Sequoia Capital China, FBG Capital, Neo Global Capital, Arrington XRP, just to name a few. With the funding that has come from these large traditional VCs together with the multinational conglomerates and not forgetting the connected cryptocurrency funds in the market, it is clear the company is just a step closer to the creation of the transformative open network.

With the open network, business will be able to quickly deploy the distributed application that can be used in a commercial level. We should keep our eyes peeled as they are just a step closer to making the distributed trust to be scaled.

Mr Zamani, who is the Chairman and the Founder of the AGERO Organization, firmly believes that the success of this round funding has been credited to the enterprise-IT open source leadership experience that they hold. Not forgetting the four years blockchain implementation experience that Blocko holds in the development of several production systems to different clients around the globe, it is the likes of Lotte Card, Samsung Card, Korea Exchange, just to name a few.

In 2016 when Samsung made there very first investment in Blocko their services slowly become in demand in most of the large companies in the market. Thus this is a promising move we need to watch out for.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ethereum Movie Venture (EMV) на Currencies.ru

$ 0.0504199 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0.0504199 - H: $0.0504199
Капитализация $331.091k Rank 99999
Доступно / Всего 6.567m EMV

venture blockchain samsung able data partner aergo

venture blockchain → Результатов: 126


Data Gumbo gets $4M Series B funding to grow GumboNet blockchain

Data Gumbo, creators of an industrial blockchain network, today announced the first close in its Series B funding round of $4 million led by new investor L37, a Bay Area and Houston-based venture capital company, with return investments from Equinor Ventures, the venture subsidiary of Equinor, and Saudi Aramco Energy Ventures, the venture subsidiary of […] CryptoNinjas » Data Gumbo gets $4M Series B funding to grow GumboNet blockchain

2020-9-25 22:38


Фото:

Crypto Platform Coinbase Secures $300 Million in Series E Funding Round

Popular cryptocurrency exchange Coinbase has raised a fresh $300 million in a Series E financing round, bringing the company valuation to $8 billion. Coinbase plans to use the funding to "accelerate the adoption of cryptocurrencies," as it plans to remain the "entry-point into crypto" for millions of investors, according to a published blog post.

2018-10-31 20:51


Фото:

China’s People Capital VC Firm Partner Xunlei to Launch DLT Laboratory

People Capital, the investment and venture capital arm of China’s leading newspaper, People’s Daily Online, has formed a strategic alliance with Xunlei Limited, a Chinese multinational technology company and online service provider, to develop a distributed ledger technology (DLT) laboratory to explore the groundbreaking technology in various scenarios, reported Business Wire on October 23, 2018.

2018-10-25 03:00


Фото:

Blockchain Could Be Crucial for Moving AI Tech Forward

Many startups are attracting capital and developing products to make artificial intelligence (AI) more accessible, as well as better protecting personal data via blockchain tech. Blockchain to Decentralize Artificial Intelligence Venture capitalists, entrepreneurs, and academics are rushing to embrace the awesome synergy resulting from the application of Bitcoin’s (BTC) blockchain technology and artificial intelligence (AI).

2018-10-24 23:00


Omise Bags Japanese Investment to Support its Blockchain PayPal Alternative

Japanese venture capital firm Global Brains has invested an undisclosed sum into Omise Holdings, a Thailand-based FinTech service provider, the companies announced in a press release. Global Expansion The investment, which is also led by 31VENTURES, a venture capitalist arm of Mitsui Fudosan, one of the largest real-estate developers in the country, and returning Indonesian venture.

2018-10-18 15:00


Фото:

Crypto-Dedicated VC Dragonfly Capital Partners Unveils, Says Older Firms Might Have a Disadvantage

With its fast-moving prices setting the stage for potential big returns, venture capital (VC) firms have been flocking into the crypto space lately. But newcomer crypto-dedicated fund Dragonfly Capital Partners believes it has what it takes to make a name for itself in the highly competitive niche—a sizable $100-million war chest and a novel investment […] Crypto-Dedicated VC Dragonfly Capital Partners Unveils, Says Older Firms Might Have a Disadvantage was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-10-12 18:49


Blockchain Business in Crypto Valley Has Doubled Since Last Year: Report

The number of blockchain-related companies in Switzerland and Liechtenstein has doubled in the last year, according to a new study published by CV VC. The Zug-based firm, in partnership with Strategy& (PwC’s global consulting arm) and inacta, compiled information about the top 50 blockchain and digital asset companies between the two countries.

2018-10-11 00:18