Telecom Giant Comcast Leads $3 Mln Seed Round For Blockchain Startup Blockdaemon

Telecom Giant Comcast Leads $3 Mln Seed Round For Blockchain Startup Blockdaemon
The telecommunications conglomerate Comcast has just led a VC seed round for Blockchain startup Blockdaemon, raising a total of over $3 mln.

New York-based Blockchain startup Blockdaemon has just closed a venture capital (VC) seed round led by telecommunications conglomerate Comcast, according to Blockdaemon CEO Konstantin Richter’s Medium post today, March 7.

Richter wrote that $3.275 mln was raised in the VC round, which Blockdaemon will use to “enhance infrastructure options, and to help customers run multi-tenant networks across all sorts of different Blockchains.”

Blockdaemon describes itself as a “Nodes as a Service” platform on its website, acting as “multi-chain, multi-cloud network management system” that deploys nodes and connects them to Blockchains. Blockdaemon also recently launched a public node deployment service for Ethereum (ETH) and Bitcoin (BTC) on Blockdaemon’s “own infrastructure,” in Richter’s words.

The funding round also included several Silicon valley “super angel” investors and VC firms Boldstart, Plug and Play, and MState, which is an investment fund for Blockchain-based startups for whom Comcast and IBM announced their backing in January of this year. MState had invested in Blockdaemon’s pre-seed as well as the seed round that was announced today.

When asked about Comcast’s direct participation in the seed round, Richter told Cointelegraph:

“A direct investment by one of the largest companies in the world is great validation that they believe in us and will directly support us.”

Comcast has previously invested in Blockchain-based companies. In July of last year, Comcast partnered with Disney, NBC, Mediaset Italia, Channel 4, and TF1 to create the Blockchain Insights Platform, using Blockchain technology to make ad campaigns more transparent while protecting user data.

07.03.2018 / 13:19 69
JP Morgan Blockchain Spin-Off Kadena Hires New Head of Growth JP Morgan Blockchain Spin-Off Kadena
Blockchain startup Kadena is continuing its expansion plans with the addition of a former Capco innovation lead to its ranks. Ben Jessel will serve
Comcast Makes First Big Bet on a Multi-Blockchain Future Comcast Makes First Big Bet on a
Comcast is banking on a world with multiple blockchains. Revealed exclusively to CoinDesk, the venture arm of the telecommunications giant is leading
Telegram on Track to Pocket Over $2 Billion From ICO Rounds, Despite SEC Prying Into the Funding Method Telegram on Track to Pocket Over $2
Despite only running for four months, global messaging giant Telegram’s initial coin offering (ICO) is already on track to bring in one billion
Comments (0)
Add a comment
Comment on