Advertisment

Swiss and US-based blockchain cloud computing startup DFINITY has closed a new funding round worth over $100 million from repeat backers including Andreessen Horowitz, it confirmed August 29.

DFINITY, which aims to build what it describes as an “Internet Computer,” raised a total of $102 million Swiss francs ($105 million) from partners that also featured blockchain-focused investment outfit Polychain Capital.

Both Polychain and Andreessen via its investment fund a16z had previously participated in the startup’s investment, contributing to a $61 million round in February.

Having raised a total of just under $200 million since its foundation in 2015, DFINITY ultimately wants to create a platform which will “host the world’s next generation of software and services on a public network,” TechCrunch quotes a16z partner Chris Dixon as saying.

“The Internet Computer is on track to become a critical piece of the future technology stack,” he added.

The move marks a further commitment from Andreessen to the cryptocurrency sphere, the company in April becoming part of a $133 million funding round in blockchain project Basis’ stablecoin.

More recently, in July, Andreesen participated in a $45 mln funding round for blockchain cloud computing platform Oasis Labs as part of its plan to help companies adopt blockchain.

Get the latest Bitcoin News on The Bitcoin News
Our Social Networks:
Facebook Instagram Pinterest Reddit Telegram Twitter Youtube