Cryptocurency

Startup @Dfinity Raises $102 Million to Build ‘Internet Computer’

August 29, 2018
The Main Bloq

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Startup @Dfinity Raises $102 Million to Build ‘Internet Computer’

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Cryptocurrency startup Dfinity has raised another $102 million to fund the development of its “world computer,” bringing its total capital intake to nearly $200 million.

Announced on Wednesday, the funding round was led by a16z crypto, Andreessen Horowitz’s dedicated cryptocurrency fund, and crypto hedge fund Polychain Capital. The two firms were also joint leaders in Dfinity’s most recent funding round, which raised $61 million and was announced in February. Altogether, the startup has raised approximately $195 million.

Speaking on the announcement, Dominic Williams, founder and chief scientist of Dfinity, said:

“The Internet Computer is a public infrastructure that aims to host the world’s next generation of software and services. The platform provides a novel means to develop and host new software systems where R&D costs can be 90% lower, yet hosted systems are far more secure since the Internet Computer is unhackable, and are always available, highly interoperable and better able to preserve the privacy of confidential data.”

While individual stakes in the present round were not disclosed, Andreessen Horowitz reportedly…

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