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Blockchain API provider Gem has closed a $7.1m Series A funding round, the company has announced.
Blockchain platform Gem has closed $7.1m (£4.8m, €6.58m) in Series A funding, led by Pelion Venture Partners and participated in by KEC Ventures, Blockchain Capital, Digital Currency Group, and RRE Ventures.
Venice, California-based Gem, a platform for blockchain developers looking to integrate the decentralized ledger technology in finance, healthcare, and other data-reliant industries.
Gem, a blockchain platform service provider, has captured $7.1 million via Series A funding, led by an assortment of partners, including Pelion Venture Partners, KEC Ventures, Blockchain Capital, Digital Currency Group and RRE Ventures, among others, according to a Gem statement.
The internet is just a pipe, and any attempt at real security is merely a sticking plaster that’s doomed to get hacked, somehow, by someone, at some point. Cue the Blockchain, a tech that proves ownership in an indisputable way.
Earlier this fall, Gem launched as the first Bitcoin startup to ever compete in the TechCrunch Disrupt Battlefield, presenting a full-stack API for digital currency developers that will eliminate the pain of building Bitcoin security infrastructure into apps.
The internet has opened the door for numerous technologies and products that have drastically altered the way we do business and live our daily lives. Bitcoin is one such technology that arguably has the greatest potential to revolutionize the world of international finance. Micah Winkelspecht, the CEO of Gem, a company that helps its customers accept and secure bitcoin transactions, sat down with me to discuss the various facets, uses, and implications of Bitcoin, as well as the challenges it faces for broader adoption.
Intrigued by the disruptive potential of bitcoin but intimidated by the complexity of developing products and services based on the blockchain technology? You’re not alone, and for good reason. Not only is the blockchain complex, but associated applications have become targets for hackers and criminals.
Californian bitcoin API developer Gem has announced an additional $1.3m in funding, raising its total to $3.3m.
Bitcoin startup Gem announced Tuesday the deployment of custom Hardware Security Modules (HSMs) from payment security giant Thales e-Security, now offered as part of the Venice, California-based company’s standard multi-signature wallet offering.