Security News > 2020 > July > Blockchain Security Startup Valid Network Raises $8 Million in Seed Round
Blockchain cybersecurity startup Valid Network today announced raising $8 million in a seed funding round, bringing the total raised by the company to $10 million.
Valid plans to use the new funds to fuel research and development, increase its team in Israel, and also open an office in New York City, to expand its business in the United States.
Enterprise blockchain technology, Valid claims, provides organizations with privacy, trust, and audit ability when implementing new services.
"We built Valid Network on the vision that blockchain-based technologies will open a whole new world of possibilities for businesses globally, unleashing new efficiencies and ways of working," stated co-founder and CEO Kfir Nissan.
"Valid Network will enable safer and faster adoption of these revolutionary technologies for the benefit of organizations and consumers worldwide. We are thankful for the vote of confidence by our investors, and plan to work hard to fulfill our ambitious plans and make Valid Network into a sustainable, thriving company that brings tangible value to its customers," Nissan added.