Cointime

Cointime

Download App
iOS & Android
Home / Financing

Privacy Layer 1 Network Swisstronik Completes $5 Million in Seed Round Financing

  • Wechat scan to share

Privacy Layer 1 network Swisstronik has announced on social media that it has completed a $5 million seed round of financing. Two investors, Constantin Guggi and Anton Polianski, have joined the team as co-founders and executives.

Swisstronik is building a secure network, oracle, and authorization system that complies with legal and privacy regulations, with a focus on privacy and decentralization. The new funding will drive its mainnet launch in 2024. In addition, Swisstronik has launched a token private sale round, with participation from UAE venture capital firm MAQ Capital Home.

Privacy decentralization
Comments

All Comments

Recommended for you

  • Glider completes $4 million financing, led by a16z

    crypto investment startup Glider has completed a $4 million financing round, led by a16z, with participation from Coinbase Ventures, Uniswap Ventures, and GSR. Glider plans to use artificial intelligence to help users adjust their cryptocurrency investments according to their needs, and will join the Andreessen Horowitz cryptocurrency startup accelerator this spring.

  • Optimum Completes $11 Million Seed Round, Led by 1kx

    Optimum has completed a $11 million seed round of financing, with 1kx leading the investment, and Robot Ventures, Finality Capital, Spartan, CMT Digital, SNZ, Triton Capital, Big Brain, CMS, Longhash, NGC, Animoca, GSR, Caladan, Reforge and others participating. Optimum is a decentralized, performance-enhancing memory layer for any blockchain, incubated by the Massachusetts Institute of Technology. (CoinDesk)

  • Plastic Labs Completes $5.35 Million Pre-Seed Funding and Launches AI Identity Platform Honcho

    Plastic Labs has completed a $5.35 million Pre-Seed round of financing, led by Variant, White Star Capital, and Betaworks, with participation from Mozilla Ventures, Seed Club Ventures, Greycroft, and Differential Ventures. Angel investors include Scott Moore, NiMA Asghari, and Thomas Howell. At the same time, its personalized AI identity platform "Honcho" is now open for early access.

  • AI video startup Runway completes $308 million in funding

    AI video generation company Runway raised $308 million in a new round of financing, with a valuation soaring to over $3 billion. This round of financing was led by General Atlantic, with participation from Nvidia and SoftBank Vision Fund 2. Runway will use the funds to strengthen AI model research and development and expand the creative team. Its software has been used in Amazon series, Madonna tours, and Puma ads, among other projects. The recently launched Gen-4 model supports consistency in characters and scenes, achieving significant technological breakthroughs.

  • AI infrastructure platform Mahojin completes $5 million financing

    AI infrastructure platform Mahojin has completed a $5 million financing round, led by a16z CSX and Maelstrom. Mahojin aims to create a "GitHub" for AI model creators and dataset developers, with the platform enabling intellectual property tracking and rewarding the original contributors of models and datasets.

  • US artificial intelligence startup Yutori raises $15 million

    Yutori, a startup based in San Francisco, has raised $15 million for the development of an artificial intelligence personal assistant.
  • Cointime精选 ·

    The worst privacy washing of 2023 and trends to expect in 2024

    The biggest new threat to privacy in 2023 wasn’t any surveillance program. It was the false advertising Big Tech companies use to trick people into thinking their products are private. Like oil companies claiming fossil fuels are “green”, Google, Apple, Microsoft, and others increasingly try to convince people their surveillance-based advertising models are “private” when they’re not. This sneaky marketing practice is known as privacy washing(new window).
    The worst privacy washing of 2023 and trends to expect in 2024

  • OKX to Delist Privacy Tokens Including Monero in 2024

    OKX, a popular crypto exchange, has announced that it will delist several privacy tokens, including Monero, in 2024. The decision to delist 11 different tokens was based on OKX's own guidelines and feedback from its users. Customers have been advised to cancel any orders relating to these trading pairs before the delisting time arrives, otherwise, they will be automatically canceled by the exchange. While OKX has not specified which tokens are being delisted due to low activity versus feedback from users, Monero and ZCash are both quite popular within the market and have tangible growth potential.

  • Nocturne Raises $6M Seed Funding for On-Chain Private Accounts Protocol

    Nocturne, a New York City-based company that offers on-chain private accounts, has raised $6 million in seed funding. The round was co-led by Bain Capital Crypto and Polychain Capital, with participation from Ethereum co-founder Vitalik Buterin and other members of the Ethereum community, as well as Bankless Ventures, HackVC, and Robot Ventures. The funding will be used to accelerate the production and deployment of Nocturne's protocol across various ecosystems, as well as to fund legal work to navigate the changing regulatory environment. Nocturne plans to launch on mainnet within the next month, providing a compliant non-custodial privacy option to retail users and allowing for integrations with wallets, payment companies, and other strategic partners.

  • Beldex Raises $3M in Funding for Development of Private Web3 Environment

    Beldex, a hub for privacy ecosystem based in Mahe, Seychelles, has secured $3 million in funding from Block Alpha, a transparent and collaborative Web3 market maker. The investment will be used for research and development of Beldex's blockchain infrastructure and ecosystem. Beldex, led by Chairman Afanddy Bin Hushni, is committed to developing a private Web3 environment that protects user data and identity in the digital domain, as evidenced by its extensive Web3 ecosystem that includes BChat, BelNet, the Beldex browser, and its privacy protocol.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company
Cointime

Hot Coins

Trending