• Sun, 24 Mar 2019, 06:43 AM
  • All times are UTC
  • Edition:
    International
Link copied

Blockchain startup StrongBlock secures $4M in seed round

Fri, 08 Mar 2019, 11:08 am UTC

StrongBlock, a blockchain startup founded by four former technology executives from EOSIO-creator Block.one, has raised $4 million in a seed funding round led by Pangea Blockchain Fund and its limited partners including Copernicus Asset Management SA.

The company intends to use the amount raised to further its plans to be the blockchain standard for enterprises, financial institutions, and governments.

Founded last year, StrongBlock said that its blockchain technology bridges the gap between the technological needs of enterprises and the current state of blockchain protocols. It leverages EOSIO, an open-source blockchain protocol that “provides a combination of superior performance and features demanded by today’s global businesses, like account management, security, and governance.”

According to the official release, StrongBlock provides turnkey implementation, service level guarantees, ongoing client support and consulting services, to enable enterprises to integrate blockchain solutions with legacy systems without wasting both time and money in building proprietary infrastructures.

“Before Red Hat, Linux was nearly impossible for enterprises to put into production. Now Red Hat is the Enterprise Linux standard,” said David Moss, StrongBlock Founder/CEO and former SVP at Block.one. “If there was a way to push a button and get an Enterprise-ready blockchain, you’d move further, faster. StrongBlock does that. We make blockchain easy.”

StrongBlock is Pangea’s first investment. James Duplessie, co-founder of Blockchain Investment Advisory Sagl, Pangea Blockchain Fund’s Swiss-based investment adviser, explained that StrongBlock was chosen as “it aligns with our investment approach: utilizing blockchain technology to change underlying systems that power the things we do every day.”

<Copyright © TokenPost. All Rights Reserved. >

The commenting service is available only after having logged in.
More
  • Bitcoin (BTC) $4,023.19 (-0.46%)
  • Ethereum (ETH) $137.45 (-0.70%)
  • XRP (XRP) $0.311100 (-0.55%)
  • Litecoin (LTC) $60.70 (-0.54%)
  • EOS (EOS) $3.65 (-1.12%)
  • Bitcoin (BTC) $4,023.19 (-0.46%)
Mar 22, 2019 (Friday)
10:46
SBI Group partners with U.S.-based semiconductor firm to manufacture crypto mining hardware
10:03
Square seeks engineers for new crypto-related initiatives
09:02
Cardano Foundation joins European Commission’s blockchain initiative INATBA as founding member
07:09
Blockchain smartphone maker Sirin Labs partners with MyEtherWallet
06:21
Alibaba, Aerospace Information partner to foster blockchain development
05:30
UPS partners with blockchain startup Inxeption for B2B e-commerce platform
04:36
Financial market veteran Rob Catalanello to lead crypto liquidity provider B2C2’s US expansions
03:44
Numerai secures $11M from Paradigm and Placeholder via token sale
Mar 21, 2019 (Thursday)
11:49
Former Prime Minister of Denmark joins blockchain firm Concordium as strategic advisor
11:00
North Korean dissident group CCD to issue blockchain-based post-liberation visas
10:03
Switzerland inches closer to cryptocurrency regulation
09:07
Huobi Global to launch token sale platform “Huobi Prime”
07:21
Asia Pacific Leaders Malaria Alliance’s M2030 partners with Dragonchain for blockchain-based services
06:10
CoinMarketCap launches of crypto indices on Nasdaq, Bloomberg, Reuters
05:09
seriesOne, Polymath partner to simplify security token issuance
04:13
Binance launches cash-to-crypto brokerage service in Australia
03:45
IoT startup Filament joins Enterprise Ethereum Alliance
Mar 20, 2019 (Wednesday)
11:43
Wirex launches crypto-friendly business accounts
10:43
Ground X to launch public testnet of blockchain platform 'Klaytn’ on March 29
10:08
Seoul Medical Center, Korean Ministry of Science and ICT collaborate on blockchain project
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft