• Sun, 16 Jun 2019, 11:35 PM
  • All times are UTC
  • Edition:
    International
Link copied

New blockchain development firm Horizen Labs launches with $4M seed round

Fri, 12 Apr 2019, 04:03 am UTC

Horizen Labs has announced that it is launching as a blockchain development company that will aim to make distributed ledger technology accessible for business.

Alongside its launch, the company announced that it has raised $4 million in seed funding from Digital Currency Group, Liberty City Ventures, and independent investors.

Horizen Labs is led by CEO Robert Viglione, who is the co-founder of Horizen – a privacy-focused blockchain platform, which was formerly known as ZenCash.

The company will help businesses deploy proprietary blockchain solutions that are fast, secure, private, and scalable. To achieve this goal, it will leverage Horizen’s privacy-focused public infrastructure and its proprietary sidechain deployment tool.

Viglione said that there is a considerable demand from customers and businesses for custom blockchain solutions that are not expensive and time-consuming to build.

“Through Horizen Labs’ proprietary Sidechain-as-a-Service platform, we aim to let companies benefit from the high-level security of Horizen, a privacy-focused blockchain platform with the largest node network in the industry,” he said. “Our platform removes development obstacles and offers fast, simplified deployment and integration, as well as pre-built functional sidechains.”

Horizen Labs said that it will respond to the market demand for a Sidechain-as-a-Service product by piloting design partnerships with third-party enterprises seeking to implement blockchain. It is looking to bring cutting-edge blockchain research and development to the stage of real-world use cases.

According to the official release, Horizen Labs is working with design partners in different verticals to be able to bring its first sidechain solutions to market.

“Horizen Labs provides a seamless way for businesses to incorporate customized digital ledger technology into their operations, removing a significant barrier to blockchain adoption and advancing the industry as a whole. We are thrilled to support Rob and his team as they continue to develop the Horizen platform,” Barry Silbert, Founder and CEO of Digital Currency Group, said.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $9,057.00 (+2.54%)
  • Ethereum (ETH) $271.29 (+0.92%)
  • XRP (XRP) $0.432500 (+5.18%)
  • Litecoin (LTC) $136.97 (-0.39%)
  • Bitcoin Cash (BCH) $429.30 (+1.97%)
  • Bitcoin (BTC) $9,057.00 (+2.54%)
Jun 14, 2019 (Friday)
10:49
Crypto Technicals: Bitcoin hovers around 20-DMA, poised for upside resumption
10:35
National Fisheries Institute to begin seafood blockchain pilot with IBM Food Trust
09:43
Reuters, Bloomberg, TradingView add support for new cryptocurrency index ‘CIX100’
09:26
Crypto Technicals: Litecoin retraces brief dip below $129, finds strong support at 110H EMA
09:08
Facebook's cryptocurrency project gets big backers including Mastercard, Paypal, Uber, Visa: Report
08:59
Circle to end support for its payment app, to shift to blockchain-based financial projects
07:27
Bitcoin startup Bitrefill closes $2M seed round led by Coin Ninja
07:21
U.S. FDA picks IBM, KPMG, Merck and Walmart to develop blockchain platform for prescription drugs
06:01
Turkey's BKM launches blockchain-based digital certificate platform co-developed with Microsoft and VeriPark
04:47
Bakkt to begin bitcoin futures testing on July 22
03:32
R3, Bradesco, Itau team up to develop blockchain-enabled platform for foreign trade and insurance: Report
02:36
Brazil considers promoting blockchain in public administration in new proposed bill
02:29
FINRA fines, suspends ex-Merill Lynch advisor for crypto mining business
02:25
Less than 5% of GitHub crypto contributors are women: Study
Jun 13, 2019 (Thursday)
11:25
John McAfee launches new cryptocurrency trading platform
10:27
Indian government-backed learning initiative SWAYAM offers free course on cryptocurrencies and blockchain
10:20
Crypto Technicals: ETH/USD consolidates break above 20-DMA, scope for further upside
09:29
Square Crypto announces former Google director Steve Lee as first hire
08:41
FATF to release new policies for global digital asset industry affecting crypto exchanges, custodians, hedge funds: Report
08:33
Crypto Technicals: Bitcoin Cash edges above 21-EMA, signs of bullish resumption
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft