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HomeCryptocurrency NewsAltcoin News: Litecoin, Monero, Ripple NewsDbrain attracted $ 8 million from Bitfury Group and other investors

Dbrain attracted $ 8 million from Bitfury Group and other investors


The blockchain company Bitfury Group, the Chinese investment group AngelVest and the consortium of crypto traders invested $ 3 million in an open blockchain platform for the creation of artificial intelligence Dbrain. Earlier, the startup received another $ 5 million for DBR tokens.

Thus, the total amount of the second round of investments reached $ 8 million. Details of the deal are not disclosed.

Earlier in early 2018, the startup attracted $ 2.5 million, which were aimed at creating an alpha version of the blockchain platform.

Bitfury and Dbrain also agreed on a strategic partnership to develop a private blockchain Dbrain based on the Bitfury-Exonum framework.

“The Exonum framework suits us perfectly because it allows us to exclude the user commission, minimize the burden on public blockchains and speed up the work of all protocols,” said Dmitry Matskevich, co-founder, and head of Dbrain.

Bitfury Group operates in North America, Asia, the Middle East and plans to invest in other promising projects in the future.

In 2018, the co-founder of Bitfury Valery Vavilov was included in the list of the richest owners of cryptocurrency in the world according to Forbes.

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