Samsung and Salesforce participate in a financing round for a Blockchain company
Samsung Venture Investment Corp (Samsung) and Salesforce Ventures recently participated in a Series C funding round for a blockchain company called Digital Asset Holding. This is their second funding round in two months, each raising $35 million. Digital Asset, the creators of the smart contract modeling language DAML, announced the successful Series C funding round yesterday.
According to the statement, the company raised $ 35 million, which should be used to accelerate the adoption of the DAML smart contract. The two tech giants, Samsung and Salesforce Ventures, were among the participants in the investment round. According to a Samsung spokesperson, Digital Asset is a burgeoning company in the blockchain space, and DAML could fundamentally change the entire market.
[amazon box="B0143M2A5S"]Samsung and Salesforce invest in digital assets
Yuval Rooz, co-founder and CEO of Digital Asset, said: “Salesforce Ventures and Samsung joining our Series C funding round demonstrates the potential that tech giants see in DAML as the standard for smart contracts.”
This is the second recent Series C funding round for digital assets in the last few months. On December 11, 2019, the company announced its initial round, which again raised $35 million. In Series C rounds, venture capital firms inject capital into well-established businesses to help them scale and grow existing products or create new ones.
Digital Asset hires former Microsoft executive
Amid a $35 million funding increase, Digital Asset announced the appointment of Susan Hauser to the company's board of directors. Hauser is a former corporate vice president of Microsoft 's Worldwide Enterprise & Partner Group . Yuval Rooz also commented on Hauser's appointment, saying, "She brings her unparalleled understanding of customer needs and her exceptional experience building an enterprise business at Microsoft . "
During her time at Microsoft, Hauser was also a consultant for Digital Asset. He noted that it helped him realize the potential of smart contracts:
“During my time as a digital asset advisor, I quickly learned how transformative smart contracts could be for a variety of use cases and across industries. We are going to see the adoption of smart contracts, and languages like DAML, take off in the near future ".
