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Algorand Secures $62M In Funding And Announces Appointment Of Executive Team

by vcaonline.com posted 7months ago 38 views
Executives from Fuze and LogMeIn Join Cryptography Pioneer and Turing Award winner Silvio Micali to build next-generation ’blockchain for business’ BOSTON, October 24, 2018-- Algorand, a first-of-its-kind blockchain and cryptocurrency purpose built for business, announced today the closure of a $62M equity investment and the addition of senior executive hires from leading global technology brands. Steve Kokinos, co-founder and Chairman at Fuze, and W. Sean Ford, co-founder of uPromise and former CMO of LogMeIn, join Algorand as CEO and COO, respectively. The $62M comes from a broad global investment group representing the venture capital, cryptocurrency, and financial services communities.

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