A16z Leads $45 Million Raise for Blockchain Startup Oasis Labs

in #bitcoin6 years ago

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Cloud computing startup Oasis Labs successfully raised $45 million in a private token pre-sale to develop a blockchain platform aimed to rival Amazon Web Services

The sale, led by Andreessen Horowitz's new "a16z" crypto fund, saw Accel, Binance, Pantera, Polychain, Metastable, Foundation Capital, Electric Capital, DCVC and Coinbase co-founder Fred Ehrsam all contribute, according to a press release. Most notably, this was a16z's first investment, Oasis CEO Dawn Song told CoinDesk.

The startup is now focusing on developing its core features, Song said, which will be deployed to the company's private test network – slated to be opened to the public "soon."

It's the startup's blockchain itself that may be garnering all the investor attention. According to Song, its architecture allows transactions to be verified with "far less duplication while providing the same level of integrity and security guarantees."

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