Digital Asset Raises $35 Million in Series C Financing to Capture Smart Contract Market with DAML
Posted by Digital Asset on Dec 11, 2019 8:59:48 AM

 

Funding will be used to expand variety of partner platforms that run DAML applications

 

New York -- 11 December 2019 -- Digital Asset, the creators of the open source DAML smart contract language, announced today that it has raised more than $35 million in Series C funding from new and existing investors. The latest financing round brings the total amount raised by Digital Asset since its establishment in 2014 to $150 million.

The funds will be used to accelerate the adoption of DAML across multiple industries, expand the number and variety of DAML-enabled partner products and fund new products designed to enhance the DAML developer experience, specifically project:DABL, a cloud-based prototyping and production environment for DAML applications.

“DAML allows you to focus only on what you need to do to differentiate your product and eliminate the complexity that doesn’t provide value to your organization,” said Yuval Rooz, co-founder and CEO of Digital Asset. “Ninety percent of development time is wasted on undifferentiated work. With this new funding we will go further on this mission to focus on the 10 percent value-add by providing a world class smart contract experience regardless of where your application runs.”

Read press release >>

 

Funding will be used to expand variety of partner platforms that run DAML applications

 

New York -- 11 December 2019 -- Digital Asset, the creators of the open source DAML smart contract language, announced today that it has raised more than $35 million in Series C funding from new and existing investors. The latest financing round brings the total amount raised by Digital Asset since its establishment in 2014 to $150 million.

The funds will be used to accelerate the adoption of DAML across multiple industries, expand the number and variety of DAML-enabled partner products and fund new products designed to enhance the DAML developer experience, specifically project:DABL, a cloud-based prototyping and production environment for DAML applications.

“DAML allows you to focus only on what you need to do to differentiate your product and eliminate the complexity that doesn’t provide value to your organization,” said Yuval Rooz, co-founder and CEO of Digital Asset. “Ninety percent of development time is wasted on undifferentiated work. With this new funding we will go further on this mission to focus on the 10 percent value-add by providing a world class smart contract experience regardless of where your application runs.”

Read press release >>

Topics:

DAML, financing, series c, DABL

Recent Posts
NEWS
The Tech Talks Daily: Meet the Creators of DAML
08/4/2020
BLOG
Enhancing Corda with DAML Smart Contracts
07/28/2020
NEWS
Smart contract language DAML now on Corda blockchain
07/27/2020
NEWS
Digital Asset has sights on stock market blockchain interoperability with DAML
07/27/2020
NEWS
Fintech Finance: Virtual Arena with Yuval Rooz
07/27/2020
PRESS RELEASE
Digital Asset, Creators of DAML, Adds VMware As Investor in Series C Round
07/14/2020
NEWS
The Power of DAML and Interoperability in Blockchain
05/22/2020
NEWS
Healthcare Smart Contracts with DAML
05/12/2020
NEWS
Money, Money, Money: The Future of Payments?
04/23/2020
NEWS
Exactpro Enables Testing for DAML-built Applications
04/23/2020
PRESS RELEASE
WeBank to Integrate DAML with China’s Leading Blockchain Platform
04/15/2020
NEWS
Waters Wavelength Podcast: Digital Asset on Blockchain
04/2/2020
NEWS
Bloomberg TV speaks to Yuval Rooz: Transforming Blockchain Markets
04/2/2020
PRESS RELEASE
Digital Asset is First Blockchain Startup to Successfully Complete AICPA Type 2 SOC 2 Examination
03/5/2020
PRESS RELEASE
Hyperledger Besu now has DAML Smart Contracts
03/3/2020
PRESS RELEASE
BTP brings smart contracts to Amazon QLDB with Sextant for DAML
02/25/2020
PRESS RELEASE
Leading Tech Companies Join Series C Financing & Former Microsoft Exec Joins Board
02/4/2020
BLOG
Outcompeting Destructive Systems with Smart Contracts
02/3/2020
PRESS RELEASE
Odyssey Introduces Goals of the Odyssey Hackathon 2020 in Davos
01/24/2020
BLOG
Smart Contracts for Social Good: Unlocking Blockchain's Potential Beyond Finance
12/19/2019
PRESS RELEASE
XBourse Global Designs Market Infrastructure of the Future with DAML
12/16/2019
PRESS RELEASE
Digital Asset Raises $35 Million in Series C Financing to Capture Smart Contract Market with DAML
12/11/2019
BLOG
Low-code Smart Contracts for the Enterprise with Unibright and DAML
12/9/2019
PRESS RELEASE
Unibright enables anyone to create DAML smart contracts with “no code” developer tools
11/21/2019
BLOG
Committed Settlement: Adoption under UK Law, an analysis by Linklaters
09/26/2019
BLOG
Blockchain’s Immutability Could Hold-up in Bankruptcy
07/11/2019
BLOG
A Generational Opportunity to Improve the Transfer of Value
05/30/2019
BLOG
Synchronize New York 2019: Digital Asset and DLT in the Real World
05/17/2019
BLOG
DAML Driven Development: Optimis
03/15/2019
BLOG
Change Healthcare Introduces Payment Blockchain Proof-of-Concept at HIMSS ’19
02/7/2019