Blockchain-Oriented Dfinity Raises Funds From Andreessen Horowitz, Polychain Capital

Dfinity, a blockchain-oriented Zug-based startup that plans to develop the “Internet Computer” available worldwide, raised $102 million in a funding round led by investors including venture capital firm Andreessen Horowitz and cryptocurrency hedge fund Polychain Capital. Dfinity plans to use the funds to hire more employees and finance other projects, Dfinity founder Dominic Williams told CNBC.

The startup is currently working to develop a decentralized cloud computing network to compete with Amazon (NASDAQ:) Web Services (AWS) and Microsoft (NASDAQ:) Azure. The fact that Dfinity attracted funds from reputable investors like Andreessen Horowitz shows that the project has a future, with some expecting it to i…

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