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Saturday, February 25, 2017

Blockchain Startup Storj Targets Enterprise Cloud With $3 Million Raise

What started out as a #blockchain -powered, decentralized #Dropbox has evolved into an enterprise storage system with real venture capital backing. Atlanta-based #StorjLabs announced today it has raised $3m in seed funding as part of a round that saw contributions from individual investors employed by VC firms including #GoogleVentures, #QualcommVentures and #Techstars, according to the company. The funding marks the first time that Storj Labs has raised outside capital, following a blockchain token sale in 2014. The funding is also notable for a startup that counts itself among an early set of firms working in the so-called 'crypto 2.0' space, the early movement aimed at applying blockchain technology to non-financial applications and use cases. In this light, CEO Shawn Wilkinson said the funding marks the end of a long run of experimentation that has seen the company, now 13 employees strong, iterate a fledgling idea into one that can now leverage experimental technology to secure corporate partnerships.
http://www.coindesk.com/blockchain-startup-storj-targets-enterprise-cloud-3-million-raise/

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