Dublin Based Blockchain Data Centers Startup W3BCLOUD Raises $20.5M in Funding!

: June 25, 2020

Dublin Based Blockchain Data Centers Startup W3BCLOUD Raises $20.5M in Funding!

 

 

DUBLIN, IRELAND:

 

W3BCLOUD is a joint venture between Advanced Micro Devices (NASDAQ:AMD), a leading high-performance computing, graphics and visualization technologies company, and ConsenSys, the leading blockchain software development and product company. This venture is the first independent, enterprise cloud computing blockchain infrastructure that supports increased transaction speed with state-of-the-art security.

 

The company has completed its initial close of $20.5M in convertible notes from Advanced Micro Devices (NASDAQ: AMD) and ConsenSys, along with several family offices in the United Arab Emirates.

 

W3BCLOUD is building the next generation decentralized compute, storage and bandwidth for the planet. It brings together the pre-eminent GPU manufacturer and the leading blockchain developer to build the compute infrastructure for the blockchain economy.

 

W3BCLOUD is the first independent, enterprise cloud computing blockchain infrastructure that supports increased transaction speed with state-of-the-art security. The company's areas of focus are blockchain validation, high performance compute workloads, hosting blockchain nodes, and decentralized finance (DeFi).

 

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