Announced last Wednesday by the company, the organization behind the EOS blockchain, StrongBlock, has closed a $4 million seed round. 4 Million Raised for EOS-Powered Private Blockchain Studio StrongBlock.
Founded by the former executives of Block. one, StrongBlock is a private blockchain studio, for which the round was driven by Pangea Blockchain Fund and its limited partners including Copernicus Asset Management.
The mission of it is to build systems utilizing the EOSIO blockchain which is an open source code. However, they will build systems for companies, financial organizations, and governments.
StrongBlock promises the following:
-Services level guarantees
-Progressing customer support
David Moss, StrongBlock founder, and CEO said in the announcement:
“Before Red Hat, Linux was nearly impossible for enterprises to put into production. Now Red Hat is the Enterprise Linux standard…….If there was a way to push a button and get an enterprise-ready blockchain, you’d move further, faster. Although StrongBlock does that. We make blockchain easy.”
Released at the end of February, in the wake of generating $22 million from crypto-investors. Also, including Roger Ver, this is the first venture for the Swiss-based Pangea Blockchain Fund.
James Duplessie, a co-founder of Blockchain Investment Advisory Sagl, Pangea’s Swiss-based investment adviser, said the startup was selected as a result of the competence of its core team and it’s a goal to utilize blockchain innovation to change the hidden systems that control the things done every day.
Beginning his career journey at Oracle, David Moss has held the title of CTO for several startups. Also, it includes advertising tech firm BroadSpring,
Commenting on the investment, Copernicus CIO, Maggie Rokkum-Testi said:
“StrongBlock’s technology will enable blockchains to become ubiquitous, fueling massive business transformations ranging from energy and public utilities to retail and healthcare… However, the possibilities are virtually endless and one can implement in every industry, delivering the potential of blockchain technology to the masses in a real, profound way.”