Based in Boston, and founded by cryptography pioneer and Turing award winner Silvio Micali, Algorand solves the 'blockchain trilemma' with a platform that delivers decentralization, scalability and security. Algorand provides a foundation for existing businesses and new projects to operate globally in the emerging decentralized economy. Algorand's first-of-its-kind, permissionless, pure proof-of-stake protocol supports the scale, open participation, and transaction finality required to build systems for billions of users.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 10/24/18 | $62,000,000 |
China Merchant Bank Investments Eterna Capital Pillar Slow Ventures Union Square Ventures | undisclosed |
