• Sun, 19 May 2019, 08:21 PM
  • 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) $7,957.47 (+9.23%)
  • Ethereum (ETH) $254.76 (+7.97%)
  • XRP (XRP) $0.403500 (+8.01%)
  • Bitcoin Cash (BCH) $415.00 (+14.73%)
  • Litecoin (LTC) $94.32 (+8.27%)
  • Bitcoin (BTC) $7,957.47 (+9.23%)
May 17, 2019 (Friday)
12:42
Crypto Technicals: XMR/USD holds 21-EMA support, bearish divergence on RSI and Stochs weighs
11:22
Crypto Technicals: ETH/USD hovers around 5-DMA, overbought conditions may lead to further unwinding
10:53
Banking giants to invest $50M in blockchain-based settlement project: Report
10:20
Crypto Technicals: BTC/USD extends correction, eyes 5700 on break below 21-EMA support
09:53
Crypto exchange Coinbase in talks to acquire Xapo for $50M: Report
09:50
Blockchain startup Ripio launches crypto-fiat exchange and OTC desk
08:50
Sirin Labs allows FINNEY users to purchase crypto with credit cards via Simplex integration
08:50
Crypto-backed Brave Browser seeks over $30M in funding round: Report
06:59
Cryptocurrency exchange Bitfinex granted motion to modify injunction
06:58
Poloniex to stop offering 9 crypto assets in U.S. over regulatory uncertainty
06:04
ECB invites paper submissions on crypto, stablecoin, and DLT for payments conference
04:44
Louis Vuitton owner LVMH unveils blockchain provenance platform ‘AURA’ for luxury industry
04:29
Industry groups, fintech want Reserve Bank of India to consider including cryptocurrency in sandbox
03:56
HKMA, BoT enter fintech collaboration, hint at joint central bank digital currency project
03:54
French Producer Dominique Boutonnat recommends blockchain technology in the film industry
02:55
Quoine-owned Liquid ties up with Virtual Currency Partners to enter US market
02:19
One-third of the world’s Ether is owned by only 376 people: Chainalysis
May 16, 2019 (Thursday)
11:38
Crypto Technicals: Bitcoin Gold consolidates below 61.8% Fib, 'Golden Cross' keeps bias bullish
11:14
Crypto exchange Seed CX adds support for PAX, USD Coin and TrueUSD
11:03
Crypto Technicals: ETH/USD edges lower from 8-month highs, potential 'Shooting Star' keeps scope for weakness
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft