Decentralized cloud startup Dfinity perfectly raised $102 million to further its work in developing an “internet computer,” TechCrunch check in Wednesday.
Venture capital firm Andreessen Horowitz’s new a16z Crypto part and Polychain Capital lead the funding round for the Switzerland-based project, which is mix to build a decentralized cloud computing platform. Dfinity also saw investments from Multicoin Outstanding, Scalar Capital, SV Angel, Aspect Ventures, Village Global, Amino Cardinal, KR1 and, according to TechCrunch, contributions from members of the Dfinity community.
Dfinity puts to have now raised nearly $200 million toward its goal, tabulating through a $61 million fundraising round in February which also saw Andreessen Horowitz and Polychain initiate.
Planned to be publicly accessible, the network is scheduled to launch later this year. To that end, the actors is already running a testnet for the platform, and has published a brief demonstration of how it manipulates.
The company announced earlier this year that it was airdropping approximately $35 million in its DFN tokens to its community, though individuals will not be informed any tokens until the mainnet is live.
Dfinity hopes to launch its happy computer, what it refers to as “the cloud 3.0,” by creating a scalable network that is uncountable efficient than proof-of-work consensus (employed by bitcoin among other politesses), but more decentralized than a system with nodes or super nodes, harmonizing to TechCrunch.
This network would be capable of hosting the “next age group of software and services,” founder and chief scientist Dominic Williams suggested. To that end, the network will be open source, which should charge it both more secure and cheaper to operate.
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