Home Malta Winds Horizen Labs Raises $4 Million in Seed Round

Horizen Labs Raises $4 Million in Seed Round


Horizen Labs, Inc. has launched as a blockchain development company that enables businesses to deploy proprietary blockchain solutions that are fast, secure, private, and scalable. Though it initially aimed to raise $2 million, the project raised $4 million in seed funding from Digital Currency Group, Liberty City Ventures, and independent investors.

Labs CEO Robert Viglione said: “We have seen 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. Our platform removes development
obstacles and offers fast, simplified deployment and integration, as well as
pre-built functional sidechains.”

Labs 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. The company looks to bring cutting-edge blockchain research and
development to the stage of real-world use cases. In order to do so, Horizen
Labs is working with design partners in different verticals to be able to bring
its first sidechain solutions to market.

Silbert, Founder and CEO of Digital Currency Group, said: “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.”

The post Horizen Labs Raises $4 Million in Seed Round appeared first on maltawinds.com.

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