• Days
  • Hours
  • Mins
  • Secs
  • Mon, 16 Sep 2019, 02:24 AM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Blockchain CRM startup Cere Network scores $3.5M funding from Binance Labs, Arrington XRP Capital

Tue, 20 Aug 2019, 06:15 am UTC

Cere Network, a San Francisco-based blockchain customer relationship management (CRM) solution provider, has secured $3.5 million in a seed funding round.

The funding was participated by major investors including Binance Labs, the venture arm of cryptocurrency exchange Binance. Other investors are Neo Global Capital, Fenbushi Capital, Arrington XRP Capital, Kenetic Capital, Alphabit Fund, Block VC, Kosmos Capital, LD Capital, Monday Capital, Pre Angel Fund, and Republic Labs.

Founded in 2017 by Silicon Valley veterans from Amazon, Twitch, and Bebo, the company aims to disrupt the CRM space, which is one of the most competitive software categories with a reported $48 billion market cap in 2018. Being a blockchain-native firm, Cere Network is attempting to use this advantage to deploy its new technology in the industry.

By building a complete solution on the blockchain, we are solving for CRM/CDP’s biggest issues in customization, efficiency, and secure and privacy-preserving data sharing,” Cere Network Co-Founder and CEO Fred Jin said.

As per a press release published in PE Hub Network, its technology will capture the entire user activity data and store information on a secure and decentralized system integrated into the Cere blockchain. Companies will use permissioned proxy keys to access the platform, allowing customers to ensure secure user data sharing and execute direct user acquisition across apps and brands.

As reported by CoinDesk, the firm provides a blockchain service that will integrate different customer relations platforms for businesses. Cere told the news outlet that customers are increasingly seeking substitutes to Salesforce and other mainstream CRM solutions.

The funding will reportedly be divided 70-30 between tech development and marketing and administrative work.

Meanwhile, the company also announced that it has opened a New York office and will launch the Cere Network Innovation Factory in Berlin during Berlin Blockchain Week from August 18 to 29, 2019.

In April, Binance Labs also awarded a total of $45,000 to its first three open-source Fellowship project, namely, Grin blockchain mobile wallet Ironbelly, privacy-preserving messaging protocol HOPR, and upgradeable on-chain wallet Kitsune Wallet.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $10,371.90 (+0.26%)
  • Ethereum (ETH) $193.75 (+3.09%)
  • XRP (XRP) $0.263000 (+0.49%)
  • Bitcoin Cash (BCH) $307.83 (+0.76%)
  • Litecoin (LTC) $71.65 (+1.15%)
  • Bitcoin (BTC) $10,371.90 (+0.26%)
Sep 13, 2019 (Friday)
11:12
Libra Association head confident about crypto launch in H2 2020
10:42
Blockchain industry welcomes Mastercard-R3 collaboration, but skeptical about the future of private networks
09:52
tZERO to bring blockchain to film financing via new partnership
09:11
France mulls blocking Facebook's Libra project on European soil as FINMA chief weighs pros and cons of the cryptocurrency
07:26
Thailand's PTT, Energy Web Foundation to develop blockchain renewable energy marketplace
07:17
Russia’s Alfa-Bank launches liquidity management service on Waves Blockchain
06:40
Zelle co-founder Mike Kennedy replaces Adam Ludwin as CEO of Interstellar
06:34
Crypto Technicals: XMR/USD recovery lacks traction, price action capped below 21-EMA (75.86)
05:56
Crypto Technicals: BTC/USD trades range-bound, no clear directional bias
05:03
PundiX to launch a fully blockchain-powered phone Blok on Blok (BOB)
04:54
Cryptokitties maker Dapper Labs secures $11.2M to develop blockchain Flow, scores deals from Warner Music, Ubisoft
04:48
Crypto exchange Huobi likely to attempt backdoor IPO in Hong Kong
03:49
Binance's NYDFS-approved stablecoin BUSD is now live on Paxos, to be listed on Binance next week
03:33
Deutsche Telekom's T-Labs launches blockchain e-mobility pilot 'Xride'
Sep 12, 2019 (Thursday)
12:24
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:13
Binance Futures to go live on September 13
11:43
Santander issues $20M bond using Ethereum blockchain
08:55
Binance US to open user registration next week
07:38
Marshall Islands to launch a pre-sale for its blockchain-based national cryptocurrency
06:38
United Kingdom leads with most number of registered cryptocurrency exchanges: Study
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft