DFINITY steps up its activities in Switzerland

31.08.2018 08:14

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This week blockchain company DFINITY has announced the successful closing of a funding round of CHF102 million. DFINITY will open an office in Zurich.

DFINITY is a blockchain based world computer network that is powerful enough to host business applications at scale. The network features a variety of innovations in the blockchain space. This technology is aimed at developers who would like to create and run smart contracts on a blockchain network. DFINITY is also attractive for businesses seeking an enterprise solution that can lower (human capital based) costs with benefits such as speed, security and scalability.

This week, the company caused a stir with the closing of its “Presale” funding round. The company raised a further 102M CHF. Returning investors Polychain Capital and Andreessen Horowitz (deploying capital from their new a16z crypto fund) were joined by names such as SV Angel, Aspect Ventures, Village Global, Multicoin Capital, Scalar Capital, Wanxiang Blockchain, Amino Capital, and many other specialist funds and accredited community members.

New office in Zurich
DFINITY has ties to Switzerland. Since 2016 the DFINITY Foundation is incorporated in Switzerland. The foundation was co-founded by DFINITY CEO Dominic Williams and the Swiss
serial entrepreneur and investor Cédric Waldburger who works now full-time for the company. “We have now opened an office in Zurich where ten people will work from Monday on”, said Waldburger to Startupticker. The office can house up to 45 employees. In addition, DFINITY cooperates with ETH Zurich and EPF Lausanne.

(SK)

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