Blockchain Firm Horizen Labs Raises $4M USD To Make Blockchain Accessible To Business

Blockchain, Investing, News | April 12, 2019 By:

Blockchain company Horizen Labs has officially launched its platform after raising $4 million in funding from Digital Currency Group, Liberty City Ventures, and other independent investors.

Horizen Labs, headed by Horizen co-founder Robert Viglione, aims to enable businesses to build distributed ledger solutions that are fast, secure, private and scalable. The new company intends to this by leveraging blockchain platform Horizen’s robust, privacy-focused public infrastructure and proprietary sidechain deployment product.

“We have seen considerable demand from customers and businesses for custom blockchain solutions that are not expensive and time-consuming to build,” Viglione said. “Through Horizen Labs’ proprietary Sidechain-as-a-Service platform, we aim to let companies benefit from the high-level security of Horizen, a privacy-focused blockchain platform with the largest node network in the industry. Our platform removes development obstacles and offers fast, simplified deployment and integration, as well as pre-built functional sidechains.”

Currently, Horizen Labs is working with design partners in different verticals to bring its first sidechain solutions to the market. The goal of these partnerships is to ensure that Horizen Labs products are of high quality and usable for a wide spectrum of business use cases upon market release.

“Horizen Labs provides a seamless way for businesses to incorporate customized digital ledger technology into their operations, removing a significant barrier to blockchain adoption and advancing the industry as a whole,” said Barry Silbert, Founder and CEO of Digital Currency Group. “We are thrilled to support Rob and his team as they continue to develop the Horizen platform.”