Blockstream Raises $55 Million to Build Out Bitcoin’s BlockchainBlockstream has raised $55m in Series A funding to continue its work expanding the bitcoin code base for commercial use.
With the news, Blockstream's total funding rises to $76m over two investment rounds. To date, the company's signature technology has been its sidechains offering, currently in testing, which enables the creation of blockchains that can validate data from, and transfer assets to, other blockchains.
http://www.coindesk.com/blockstream-55-million-series-a/
