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‘AWS for blockchain’ Alchemy boosts valuation to $3.5B with $250M raise

TechCrunch

Exactly six months after raising $80 million at a $505 million valuation, blockchain and Web3 development SaaS startup Alchemy has raised $250 million in a Series C funding round that values the company at $3.5 For one, it represents one of a16z’s largest Web3/blockchain investments to date. It launched its offering in August of 2020.

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Alchemy raises $80M at a $505M valuation to be the ‘AWS for blockchain’

TechCrunch

Blockchain developer platform Alchemy announced today it has raised $80 million in a Series B round of funding led by Coatue and Addition, Lee Fixel’s new fund. We realized that in order for space to thrive and build to its full potential, we needed to build a developer platform layer for blockchain,” Viswanathan told TechCrunch.

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Which emerging technologies are enterprise companies getting serious about in 2020?

TechCrunch

We conducted the survey at the tail end of Q3 2020. Here are the top five things that fell into the “learning and exploring” cohort, in ranked order: Blockchain. Internet of things/new sensors. ” The top technology there was quantum computing. Augmented reality/mixed reality. Virtual reality. AI/machine learning.

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ADIB-Egypt announces 1 billion EGP digital transformation plan

CIO

From the launch of its mobile banking app in 2020 to the enhancement of its internet banking services, ADIB-Egypt has consistently focused on providing convenient, secure, and user-friendly digital banking solutions. In recent years, ADIB-Egypt has already made substantial strides in integrating technology into its operations.

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Blockchain startup Fetch.ai grabs $40M to provide monetization and other tooling for AI-generated information

TechCrunch

is built on blockchain technology and it has created a FET token that will be used on its platform. to build AI models, he believes, is one example of how blockchain can be used for non-financial purposes. ” Blockchain startup Fetch.ai and Europe). The capital behind Fetch.ai Using Fetch.ai ” An earlier pilot Fetch.ai

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Digital securities platform iSTOX closes $50 million Series A to make private equity accessible to more investors

TechCrunch

Other participants included Juroku Bank and Mobile Internet Capital, along with returning investors Singapore Exchange, Tokai Tokyo Financial Holdings and Hanwha Asset Management. Singapore’s government launches blockchain innovation program with $8.9 million in funding.

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TechCrunch+ roundup: Allocating equity, unicorn traffic jam, blockchain gaming survey

TechCrunch

Unicorn exits augur poorly as Justworks delays IPO, citing ‘market conditions’ Blockchain gaming survey: 7 investors discuss regulation, opportunities and NFT hype. Blockchain gaming survey: 7 investors discuss regulation, opportunities and NFT hype. Despite blockchain gaming’s play-to-earn angle, I prefer to pay.