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Blockchain startup Digital Asset has announced that Salesforce Ventures and Samsung Venture Investment Corp have participated in the second closing of its Series C financing round.
In December, Digital Asset raised over $35 million in the Series C round led by Jefferson River Capital, the family office of former Blackstone president Tony James, and the Australian Securities Exchange (ASX). It brought the startup’s total funding to $150 million.
The amount invested by Salesforce Ventures and Samsung Venture Investment Corp has not been disclosed.
Digital Asset said that it intends to use the funds to accelerate the adoption of the DAML smart contract language across multiple industries, expand the number and variety of DAML-enabled partner products, and fund new products designed to enhance the DAML developer experience.
“Salesforce Ventures and Samsung joining our Series C financing round demonstrates the potential that technology giants see in DAML as the standard for smart contracts,” Yuval Rooz, co-founder and CEO of Digital Asset.
Microsoft veteran joins Digital Asset board
In addition, the company announced that Susan Hauser, a Microsoft veteran and advisor to Digital Asset, has been appointed to its board of directors. During her 28-year stint at Microsoft, Hauser served as Corporate Vice President of the company’s Worldwide Enterprise & Partner Group where she was responsible for the commercial sector, government sector and enterprise partnerships globally, including key vertical industries such as healthcare, education, retail, manufacturing, and financial services.
“Appointing Susan Hauser to the board will help us capitalize on this vision. She brings us her unparalleled understanding of customer needs and exceptional experience building an enterprise business at Microsoft,” Rooz added.
Last year, Digital Asset open-sourced its smart contract language DAML, which helps automate business processes and digitally facilitate, verify, and enforce agreements between two or more entities. The company provides commercial integrations of DAML with partner platforms, allowing organizations of any size to develop “secure, sophisticated, compliant, and operationally solid applications faster.”
“We are going to see adoption of smart contracts — and languages like DAML — take-off in the near future. I look forward to lending my expertise and helping DA expand its go-to-market activities and transform entire industries with DAML, delivering innovation without comprising trust,” said Susan Hauser.
Last April, Digital Asset partnered with VMware to integrate DAML with VMware Blockchain. Further integrations with Hyperledger Sawtooth, Hyperledger Fabric, Corda, and Amazon’s QLDB and Aurora databases have been subsequently announced.
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