Dfinity racks up $102 mln
Summary
ZUG, Switzerland and PALO ALTO, Calif., Aug. 29, 2018 – DFINITY Foundation, developing the Internet Computer, announced today that it has raised $102 million in its latest funding round.Speaking on the announcement founder and Chief Scientist Dominic Williams said “The Internet Computer is a public infrastructure that aims to host the world’s next generation of software and services.DFINITY has pioneered numerous technologies such as Threshold Relay and Probabilistic Slot Consensus, which allow blockchain networks to operate with far greater speed and security, and ultimately scale-out their capacity.The DFINITY network has demonstrated large testnets finalizing software computations in under 5 seconds (Bitcoin 3600, Ethereum 600), representing immense technological progress.DFINITY has attracted the industry’s brightest minds to work on the latest and most cutting edge developments in public blockchain including Timo Hanke, the creator of AsicBoost, Ben Lynn, the “L” in BLS Cryptography, and Andreas Rossberg, co-creator of WebAssembly, among others in an extraordinarily talented team.