Elliptic to Raise $23M During New Financing Round

The Series B financing round was headed by the the SBI Holdings and attended by AlbionVC, SignalFire and others 
04 September 2019   848

Elliptic, a company specializing in tracking transactions on public blockchains, raised $ 23 million following the results of the Series B financing round, which was headed by the Japanese corporation SBI Holdings.

Other investors include AlbionVC, SignalFire, Octopus Ventures and Santander Innoventures.

So, Elliptic intends to gain a foothold in the Asian markets. The company has already opened an office in Singapore and plans to open another one in Japan this week. Note that representatives of SBI Holdings and AlbionVC will be members of the board of directors.

Elliptic founder and CEO James Smith explained the choice of jurisdictions with the progressive views of regulators and the existence of licensing procedures. The company intends to first gain a foothold in Japan, and then conquer the rest of Asia.

He emphasized that SBI Holdings will use Elliptic products that use AI and machine learning, both in its exchange business (VCTrade) and in custodial. In addition, SBI Holdings (a major holder of XRP) believes that the company is best suited for tracking transactions on the Ripple network.

It is also known that Elliptic is developing monitoring services for Libra from Facebook and digital currencies from central banks (CBDC).

We add that in the framework of the seed and funding rounds of Series A, the company has raised a total of $ 12 million over the past five years.

Diffusion 2019 to Gather Crypto Hackers in Berlin

World most interesting tokenised protocol teams joined forces to create one of the biggest devconf in the world
20 September 2019   166

19th-20th October 2019, Berlin, one of the IT capitals of the world, will gather representatives of blockchain, AI, IoT and Big Data industries across the globe. 350 developers are going to test their skills, by hacking with 25m+ lines of open source code. Thousand of prizes awaits the winners.

This two-day event will focus on the practical application of open-source distributed ledger technology, smart contracts, machine learning and programmable tokens, to create a new data layer.
 

Diffusion

Diffusion 2019 Attendants
Diffusion 2019 Attendants

The conference will last for two days and is focused on the practical usage of open-source blockchain technology, machine learning, programmable tokens and smart contracts with a goal to create a new data layer. 

If you are not a skilled programmer, you will find what to do, Join panels, chats, workshops. Discuss the latest topics, such as token economics, blockchain for enterprise, AI, deep learning and more. Whether you are a dev, work in IT or tech industry, geek or just interested all that new - this is a place for you. You will be able to discuss things and share knowledge with lead developers, professors, start-upers and CEOs.

Part of Diffusion 2019 Attendants
Part of Diffusion 2019 Attendants

The event will take place at the Factory Berlin.

Hype.Codes team is happy to report that our journalist is going to the Diffusion 2019 too! Anton will provide you, our dear readers, with the freshest news and announces straight from the Factory.

Also, check out the latest conference's partnership with ETHBerlin.

And now the most interesting thing. You will be able to to take part in a hackathon for free!

Apply for free place at Hackaton now!

Not a coder, but still want to attend an event? 

Get your ticket here!