Axoni, a blockchain startup based in New York, announced today the completion of a $32 million Series B financing round led by Goldman Sachs and Nyca Partners.

The fresh funding round includes also numerous other investors as Wells Fargo, JPMorgan, Andreessen Horowitz and Citigroup. This new investment brings Axoni’s total funding above $55 million.

In an interview with Forbes, Axoni co-founder and CEO Greg Schvey as spoke about the investors as “strategic investors” that will help to “turning projects into products.”

As reported by the announcement “the company will use the latest round of financing to enhance its data synchronization technology, expand its suite of infrastructure products to support mission-critical deployments of AxCore.”

The funds will be also used to develop AxLang. This project is the world’s first Ethereum-compatible smart contracting language to enable formal verification.

Founded in 2013 the company offers blockchain infrastructure, distributed application development, and workflow automation tools.

 

Gianmarco Ebeling

Economics student with a passion for high-tech and innovation. Enthusiastic about the blockchain revolution and his potential to improve all aspects of our lives.

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