Tel - Aviv start - up , [UNK] , has raised more than $ 4.7 m in an initial public offering ( ICO ) selling both equity and its own technology , AMPs . The company has developed a decentralised tech stack , which was originally intended to create a decentralised social network , but has been expanded to a computation platform to " fundamentally redesign the way the internet works " . The funds will be used to fund the project and enable the technology to go live by the end of September .
Tel-Aviv start-up, Synereo, has raised more than $4.7m in an initial crowdfunding offering (ICO) selling both equity and its own cryptocurrency, AMPs. The company has developed a decentralised tech stack, which was originally intended to create a decentralised social network, but has been expanded to a computation platform to "fundamentally redesign the way the internet works". The funds will be used to expand the team and enable the technology to go live by the end of 2017.