Tim Draper Leads $4.2 Million Series A for Blockchain Startup FactomBlockchain startup Factom has raised $4.2m in new funding to build a series of unnamed new products for its blockchain data network.
The Austin, Texas-based company that lets users verify data using its Factom blockchain, fresh off winning a $200,000 grant from the US Department of Homeland Securities, now plans to scale with a series of hires to be announced over the coming months.
Factom co-founder and CEO Peter Kirby said the Series A round, led by venture capitalist Tim Draper, will also be used to further develop its core technology and suite of products.
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