Seagate: Ripple Funding Shows We're Serious About Blockchain Tech
A desire to become an "active participant" in the blockchain technology space is what drove $13bn data storage company Seagate to invest in Ripple Labs, according to its senior vice president Dave Morton. A leading maker of hard drives for desktop PC and laptops as well as servers and data centers, about half of Seagate's current value, according to Forbes, is due to its successful transition to enterprise cloud products. However, in an interview with CoinDesk Morton revealed the logistics of moving and shipping these products are currently outdated when compared to the company's more....
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Ripple Labs, the creator of the international payment network and digital currency Ripple (XRP), has raised a $28 million series A funding round. The funding round featured many strategic investors including the venture arm of Chicago Mercantile Exchange & Chicago Board of Trade (CME Group Inc.), one of the largest security and future exchange operators in the United States. Other notable investors in the round are Chinese venture capital firm IDG Capital Partners and the global data storage company Seagate Technology. Previous investors into Ripple Labs including Barry Silbert's Bitcoin....
Digital currency startup Ripple Labs announced today that it has closed a new $28m Series A funding round. The company drew support from a mixture of new and existing investors, including the venture arms of US futures and options exchange CME Group and data storage firm Seagate Technology. Other participants in the round include AME Cloud Ventures, ChinaRock Capital Management, China Growth Capital, Wicklow Capital, Bitcoin Opportunity Corp., Core Innovation Capital, Route 66 Ventures, RRE Ventures, Vast Ventures and Venture 51. The company said that it planned to use the funds to fuel....
Ripple has secured $55 million in Series B financing from new investors that include SCB Digital Ventures (the venture arm of Siam Commercial Bank), Standard Chartered, Accenture Ventures and SBI Holdings. The company will use the funds to support growth and pursue strategic partnerships. Other investors include Santander Innoventures, the venture arms of Seagate Technology and CME Group, and Venture 51. The investment demonstrates new expertise from companies with hands-on experience with Ripple. A Boost To Cross Border Payment. Chris Larsen, Ripple CEO, said the investment will support....
Distributed ledger settlement startup Ripple has raised $55m in venture capital from a mix of financial industry heavyweights. Participating in Ripple's Series B round are Standard Chartered, Accenture Ventures, SCB Digital Ventures, the venture arm of Siam Commercial Bank and SBI Holdings. Additional investors include Santander InnoVentures, CME Ventures, Seagate Technology and Venture 51. With a growth trajectory that will soon force the settlement startup out of its San Francisco headquarters, much of those funds will be spent on expansion projects including sales and marketing.....
Thursday, Blockchain company Ripple announced that it had raised $55 mln in funding. Accenture Ventures, SCB Digital Ventures, the venture arm of Siam Commercial Bank and Santander Innoventures are just a few of the investors who participated in the Series B funding. Additionally, Ripple has secured partnerships with major banks, including Standard Chartered, BMO Financial Group, and Shanghai Huarui Bank. In the near future Ripple plans to partner with even more banks, which are planned to use the service it provides to improve cross-border payments. Overall, Ripple has received over $93....