- Additionally, after raising $12 million in Series A fundraising, Hyperbolic has raised a total of $20 million.
The digital asset firm COSIMO Ventures rebranded itself as COSIMO digital earlier this week and announced a $12 million strategic financing round.
Des Mac Intyre, a former Bridgewater executive, is leading the round, which will be utilized to find strategic partners for growth and expansion in this quickly evolving market.
COSIMO will unite under a single banner as part of the relaunch. Provides a wide range of services, such as Web3 and blockchain development, investment funds, custody services, advice, and broker-dealer services.
The time had come to unify everything under a single, imaginative identity.
Our all-encompassing strategy for managing digital assets places us at the forefront of the tokenization and blockchain industries, opening doors for both individual and institutional investors to profit from this game-changing technology.
Next up is Hyperbolic, which revealed a $12 million Series A earlier this week.
Polychain Capital and Variant Fund led the investment round, which brought in a total of $20 million for Hyperbolic.
The company is using the money to create a “AI rainforest,” which is essentially a symbiotic ecosystem for artificial intelligence, according to a blog post announcing the financing.
I want [researchers and developers] to construct their ambitions on our infrastructure—services that are accessible, scalable, and ready to grow with them. It involves creating a favorable environment in which concepts can germinate, grow, and then proliferate for the good of all.
As the company moves away from being as “scrappy” as it was before, the boost will help it establish a “clearer direction and more confident stride,” he continued.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
