Amberdata, a company that is focussed on the digital asset of providing needs, has raised as much as $30 million in a series of funding as per the view of the CEO of the company Shawn Douglas.
You need to know that that company is now valued at $330 million while raising the total amount of $47 million, which includes a seed round of a total of $2 million and a few series funding.
Douglas, at an event, said that he has decided to raise the fund for the reason they grew so much in the past few years, leaving ample opportunity in the future to build an infrastructure that is the best fit for the digital company.
The raised capital will be further used to build fresh products. Although there is a great connection of Amberdata with other cities such as the US, UK, Latin America, Singapore and Australia, there is a high chance that the fund could be used to open a new franchise.
You need to know that the name Amberdata the name suggests that it is a company that provides data and insights that are being designed into the blockchain, crypto exchange and much more. It is not for nothing for Amberdata to become the largest financial institution like that of Citi, Nasdaq and others.
Douglas commented that if an individual thinks digital assets digitals assets are the best thing a business might need, then there is a dire need to embrace it.
There had been a lot of investment for the round, which was led by Knollwood Investment Advisory. Other than there were a few international groups of investors that made an investment, like Nasdaq, NAB ventures, Chicago Trading and much more.
At the time when Amberdata was launched in the year 2017, as expected, there were a lot of expectations as it was the company announced to be the most anticipated one to provide all the data solutions to the companies.
Douglas had said that this is the time when all single banks are embracing digital assets Amberdata has proved to be one of the most helpful. He also added that there is a high chance of the company embracing the data solution and that Amberdata is ready to accept it by all means. Durbin said that in the next coming years, there is a huge chance for the company to embrace the digital solution that Amberdata is providing. Hence there the company is ready to fit in with the need to provide the details to the client.