Switzerland-based cryptocurrency start-up Dfinity has raised $102m to develop its decentralised cloud computing network, aimed at rivalling centralised platforms including Amazon Web Services. The funding round, led by Andreessen Horowitz’s a16z crypto and cryptocurrency hedge fund Polychain Capital, takes its total capital to $195m. Founder and Chief Scientist Dominic Williams said Dfinity’s internet computer provided a means for research and development of new software systems with costs 90% lower than a more conventional approach. “Blockchains are the future of distributed computing,” he said. Dfinity has raised further funds through an airdrop rather than an ICO.
Switzerland-based cryptocurrency start-up Dfinity has raised $102m to develop its decentralised cloud computing network, aimed at rivalling centralised platforms including Amazon Web Services. The funding round, led by Andreessen Horowitz’s a16z crypto and cryptocurrency hedge fund Polychain Capital, takes its total capital to $195m. Founder and Chief Scientist Dominic Williams said Dfinity’s internet computer provided a means for research and development of new software systems with costs 90% lower than a more conventional approach. He added that the Internet Computer was un-hackable. Dfinity has raised further funds through an airdrop rather than an ICO.