Connect with us

Business Wire

CasperLabs Raises $14.5M Series A Round, Aims to Scale Blockchain Opportunities for Everyone

Business Wire

Published

on

Reading Time: 3 minutes

CasperLabs Open Source Platform Built to Scale without Sacrifice, Power Fully Decentralized, Scalable Blockchain Solutions Made for Real-World Speed and Security

NEW YORK–(BUSINESS WIRE)–CasperLabs, the open-source blockchain platform powered by the Correct-by-Construction (CBC) Casper proof-of-stake consensus protocol, today announced it has raised $14.5M in Series A funding led by Terren Piezer, the “Zelig of Wall Street,” through his personal holding company, Acuitas Group Holdings. Other major investors include Arrington XRP Capital, Consensus Capital, Axiom Holdings Group, Digital Strategies, MW Partners, Blockchange Ventures, Hashkey Capital, and Distributed Global. The new investment will be used to accelerate product development and expand hiring of world-class engineers.

Blockchain networks today have yet to achieve widespread adoption for both businesses and consumers because they all compromise on something — speed, efficiency, cost, flexibility, and/or security. Moreover, transaction fees are climbing and already-slow transaction times are increasing as networks become more and more congested. A better platform is needed to remove barriers to mass adoption — a platform that not only solves the “trilemma” of scale, decentralization, and security, but is also developer-friendly to build and operate apps.

Enter CasperLabs, the “blockchain for builders” that’s built to scale opportunity for everyone in the blockchain ecosystem and beyond — including developers, entrepreneurs, and consumers.

“We are humbled by the enthusiasm and financial support for our Series A from leading traditional and blockchain investors to build enterprise-grade, decentralized blockchain infrastructure,” said Mrinal Manohar of ADAPtive Holdings Ltd., parent company of CasperLabs. “We look forward to delivering several interesting technical updates in the coming months and welcome any and all feedback via our open source code repository on Github.”

“I’ve been following and studying the crypto and blockchain space since its earliest days. I’ve been waiting for a company that can build the strength and decentralized aspects of a public chain with the speed, security, and scalability of a next-gen platform,” said Terren Piezer, who has been a founder, initial investor, or CEO of companies worth over $100 billion and current founder and chairman of Acuitas Group Holdings. “Scalability of a product and company is the leading driver of value creation. Consistently, the most proficiently scalable company becomes the industry leader.”

A Blockchain Platform that Scales Opportunity for Everyone

CasperLabs’ robust, open-source blockchain platform is built to provide comprehensive software, services and support that scale sustainable opportunities for developers, entrepreneurs, investors and consumers. Key benefits include:

Scale without Sacrifice – Fully decentralized, truly scalable blockchain services made for real-world speed and security.

  • Powered by the first provably live and safe implementation of the CBC Casper proof-of-stake protocol, CasperLabs removes barriers that prevent mainstream blockchain adoption.
  • CasperLabs is more efficient, optimizing resources to put more processing power toward actual transactions — all while maintaining decentralization. Built for flexibility since not all transactions require the same speed, CasperLabs enables customization to serve a wide range of applications and markets.
  • CasperLabs is constructed with security mechanisms in place to punish bad actors, verifying and safeguarding every transaction and computation in ways today’s businesses expect at every scale, every time.

Great Developer Experience — Familiar tools, open architectures, and expert support to make any developer a blockchain developer. CasperLabs is written in Rust, allowing developers to write in any WebAssembly-compatible language and spend more time creating and less time configuring.

Open to the World — A public and permissionless software platform developed with radical transparency.

  • Guided by open source principles, CasperLabs is also a frictionless system that empowers anyone around the world to participate. As more people join, the platform grows stronger and more open. Innovations happen faster when created together.
  • CasperLabs builds trust through transparency and believes that when resources and information are decentralized, financial fairness and prosperity follow for the entire ecosystem.

Future-proof Foundation — An upgradeable infrastructure to support enduring and equitable innovation as businesses’ needs evolve over time. CasperLabs delivers longevity in a space filled with short-lived solutions. It keeps transaction fees predictable so developers and businesses never become victims of their own success.

About CasperLabs

CasperLabs is the blockchain platform purpose-built to scale sustainable opportunities for everyone, including developers, entrepreneurs, and consumers. Unlike other solutions and platforms, CasperLabs is designed to scale without sacrificing speed, cost, usability, decentralization or security. Led by CEO Mrinal Manohar and CTO (Chief Technology Officer) Medha Parlikar, the team seeks to scale opportunity for everyone by working with leading blockchain ecosystem participants. The platform removes barriers that prevent mainstream blockchain adoption and is powered by the first provably live and safe implementation of the CBC Casper proof-of-stake protocol. With a global team that spans the U.K., Canada, the U.S. and beyond, CasperLabs is funded by Acuitas Group Holdings, Arrington XRP Capital, Consensus Capital, Axiom Holdings Group, Digital Strategies, MW Partners, and Hashkey Capital among others. For more information, visit https://casperlabs.io.

About Acuitas Group Holdings

Terren Peizer, dubbed the “Zelig of Wall Street,” whose Acuitas Group Holdings (AGH) is his personal holding company that owns all of his portfolio company interests, which include 4 companies Mr. Peizer personally founded, and remains the Chairman, CEO and majority shareholder. AGH owns Acuitas Capital Group (ACG), which invests in public companies and provides growth capital to small and medium-sized enterprises. Since its inception in June 2009, ACG has provided companies with capital commitments and funding in excess of $1.5 Billion.

Contacts

Alexandra Karpova

alexandra@cryptoprlab.com

646-409-6852

For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.

For the last half century, thousands of communications professionals have turned to us to deliver their news to the audiences most important to their business through the sources they trust most. Over that time, we've gone from a single office with one full time employee to more than 500 employees in 32 bureaus.

Business Wire

Chinese Blockchain Market, 2019: Size & Spending Across 11 Sectors, 75+ Application Segments, Type of Blockchain, and Technology, 2016-2025 – ResearchAndMarkets.com

Business Wire

Published

on

Reading Time: 3 minutes

DUBLIN–(BUSINESS WIRE)–The “China Blockchain Business Opportunities and Outlook Databook Series (2016-2025) – Blockchain Market Size / Spending Across 11 Sectors, 75+ Application Segments, Type of Blockchain, and Technology (Applications, Services, Hardware)” report has been added to ResearchAndMarkets.com’s offering.

Blockchain spend in China has increased at 101.7% during 2018 to reach US$ 877.2 million. Over the forecast period (2019-2025), spend on blockchain is expected to record a CAGR of 45.7%, increasing from US$ 1,622.1 million in 2019 to reach US$ 22,594.1 million by 2025.

This business intelligence report aims to analyze market opportunities and risks in blockchain technology and its applications in over 75 areas across 11 industries in China. This is a data centric report, consisting of 185 charts and 150 tables, providing detailed understanding of market dynamics. This report covers country level market size / spending forecast (2016-2025) by blockchain applications, type of blockchain, and technology domain.

Report Scope

China Market Size & Spending by Industry, 2016-2025

  • Banking & Finance
  • Insurance
  • Healthcare & Pharmaceuticals
  • Retail
  • Automotive
  • Defense & Aerospace
  • Construction
  • Public Sector
  • Professional Services
  • Agriculture
  • Energy and Utilities

China Market Size / Spending by Type of Blockchain, 2016-2025 (for each industry)

  • Public
  • Private
  • Hybrid

China Market Size / Spending by Technology Domain, 2016-2025 (for each industry)

  • Application and Platform
  • Service
  • Hardware

China Market Size & Spending by Blockchain Application, 2016-2025

1. Banking & Finance – Blockchain Spending / Market Size

  • KYC Data and Due Diligence
  • Trade Finance
  • Capital Markets
  • Initial Coin Offerings
  • Fraud Detection
  • Cross Border Payments
  • Risk Management and Compliance
  • Loan Management

2. Insurance – Blockchain Spending / Market Size

  • Product Development and Distribution
  • Policy Administration and Operations
  • Claims Processing
  • Pricing / Underwriting
  • Risk Capital and Investment Management
  • Regulatory and Compliance
  • Payment and Collections

3. Healthcare & Pharmaceutical – Blockchain Spending / Market Size

  • Drug Traceability
  • Clinical Trials
  • Drug Development
  • Data Management – Monitoring and IOT Devices
  • Health Records & Data Security
  • Claims Billing and Payment
  • Supply Chain Management

4. Retail – Blockchain Spending / Market Size

  • Product Tracing and Counterfeit Goods
  • Billing and Payment
  • Claims and Settlements
  • Virtual Warranty Management
  • Contract Management
  • Supply Chain Management

5. Automotive & Transport – Blockchain Spending / Market Size

  • Automotive Spare Parts and Warranty
  • Identity Management
  • Ride Sharing
  • V2X Communication
  • Auto Financing
  • Billing and Payment
  • Supply Chain Management
  • Automotive Asset Transfer

6. Defense & Aerospace – Blockchain Spending / Market Size

  • Supply Chain Management
  • Contract Management
  • Manufacturing Process and Part Identification
  • Document Management and Secure Communication
  • Identity and Access Management
  • Secure Platform and Application Development
  • Asset Transfer
  • Cybersecurity

7. Construction – Blockchain Spending / Market Size

  • Supply Chain Management
  • Asset Transfer
  • Contract Management
  • IOT
  • Identity and Access Management
  • Payment and Settlement

8. Public Sector – Blockchain Spending / Market Size

  • Identity and Access Management
  • Voting Systems
  • Regulatory Compliance and Audit
  • Asset Management and Registration
  • Health Records
  • Processing Tax Payments
  • Government Payments and Citizen Services
  • Other

9. Professional Services – Blockchain Spending / Market Size

  • Identity and Access Management
  • Regulatory Compliance and Audit
  • Payment and Settlement
  • Contract Management
  • Secure Platform and Application Development
  • Document Management and Secure Communication
  • Other

10. Agriculture – Blockchain Spending / Market Size

  • Produce Tracking and Authentication
  • Payment and Settlement
  • Supply Chain Management
  • Contract Management
  • Other

11. Energy and Utilities – Blockchain Spending / Market Size

  • Smart Metering and Billing
  • Contract Management
  • Energy Credits / Certificates
  • Trading and Smart Grids
  • Identity and Access Management
  • Supply Chain Management

Reason to Buy

  • How big is the opportunity for blockchain technology based products and services in China?
  • How much are leading players in China investing in blockchain based initiatives?
  • Which application areas across industries and should be targeted to maximize ROI?

For more information about this report visit https://www.researchandmarkets.com/r/kv64d6

Contacts

ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Continue Reading

Business Wire

C5 Accelerate Launches its Latest Network Accelerator Program in Washington, D.C.

Business Wire

Published

on

Reading Time: 2 minutes

WASHINGTON, D.C.–(BUSINESS WIRE)–C5 Accelerate (C5A), a global business accelerator based in Washington, D.C., is pleased to announce its 5th Network Accelerator in Washington to help early stage growth driven companies gain access to education, mentorship, investors and business development support.

C5 is excited to add space technology to its Accelerator as industry and government seek to leverage this domain to create new solutions at the intersection of cyber and space.

Six innovative companies have been chosen to participate in this cohort:

  • ArQit, a groundbreaking security and blockchain-focused space start-up leveraging laser technology to revolutionize the transfer of secure data;
  • Keyless Technologies, a decentralized biometric authentication and identity management platform;
  • ANOVA Intelligence, a cyber intelligence provider for critical infrastructure and U.S. national security agencies;
  • metaMe, a digital privacy data and anonymity company that enables users to control their own information the way they want;
  • YetiCloud, a b2b IT automation software company focused on solving problems in the cloud; and roves the ongoing IT experience for its customers by reducing
  • Think Cyber Security, a cyber education and security awareness training that enables the company to ensure people, who are the last line of defense, are trained and ready for any cyber threat.

These companies will benefit from C5A’s Network Accelerator Program’s proven track record and ability to bring together global leaders, experts, mentors and venture investors as well as its in depth and focused business development agenda for founders and their top leadership team.

The program will launch on September 30th and end with a “panel and pitch day” on October 18th where cohort members will be given the opportunity to present to C5A’s extensive network as well as hear from leading figures within that network and from the cyber and space industries.

About C5 Accelerate

C5 Accelerate is part of the C5 Enterprise, which includes C5 Capital and C5 Philanthropy. C5 Accelerate has been designing and leading startup acceleration programs since 2016. More than 75 startups from 44 countries have graduated from our world-class acceleration program. Our focus is finding world class leaders and technologies in cybersecurity, space, AI and cloud-based technologies.

The investment team is led by seasoned executives, and their work is enhanced by a unique network of strategic partners who are leaders in commerce, technology, industry, geopolitics, academia and government.

Contacts

Emily Jones

ejones@hudsonsandler.com
0207 796 4133

Continue Reading

Business Wire

Global HPC and DaaS Market Analysis, 2019-2024 – ResearchAndMarkets.com

Business Wire

Published

on

Reading Time: 3 minutes

DUBLIN–(BUSINESS WIRE)–The “High Performance Computing and Data as a Service Market by Technology, Computing Type, Deployment Model, Use Case, Application, Sector (Consumer, Enterprise, Industrial, Government), Industry Vertical, and Region 2019-2024” report has been added to ResearchAndMarkets.com’s offering.

This research evaluates the HPC market including companies, solutions, use cases, and applications. The analysis includes HPC by organizational size, software and system type, server type, and price band, and industry verticals. It also assesses the market for integration of various artificial intelligence technologies in HPC. It also evaluates the exascale-level HPC market including analysis by component, hardware type, service type, and industry vertical. It also provides HPC market sizing by component, hardware type, service type, and industry vertical from 2019 to 2024.

This research also evaluates the technologies, companies, strategies, and solutions for DaaS. It assesses business opportunities for enterprise use of own data, others data, and combination of both. It analyzes opportunities for enterprise to monetize their own data through various third-party DaaS offerings. It evaluates opportunities for DaaS in major industry verticals as well as the future outlook for emerging data monetization. Forecasts include global and regional projections by Sector, Data Collection, Source, and Structure from 2019 to 2024.

Market Summary & Insights

No longer solely the realm of supercomputers, the high-performance computing market is increasingly provided via cluster computing. By way of example, Hewlett Packard Enterprise provides a computational clustering solution in conjunction with Intel that represents HPC Infrastructure as a Service (IaaS). This particular HPC IaaS offering environment provides customized tenant clusters tailored to client and application requirements. Key to this particular solution is the intelligent use of APIs, which enable a high degree of flexibility and what HPE refers to as Dynamic Fabric Configuration.

These type of solutions, provided within a cloud-computing based as a Service model, allow HPC market offerings to be extended via HPC-as-a-Service (HPCaaS) to a much wider range of industry verticals and companies, thereby providing computational services to solve a much broader array of problems. Industry use cases are increasingly emerging that benefit from HPC-level computing, many of which benefit from split processing between localized device/platform and HPCaaS.

HPC currently suffers from an accessibility problem as well as inefficiencies and supercomputer skill gaps. Stated differently, the market for HPCaaS (e.g. access to high-performance computing services) currently suffers from problems related to the utilization, scheduling, and set-up time to run jobs on supercomputers. Some companies are leveraging artificial intelligence (AI) to improve HPC scheduling. As supercomputing resources are typically scarce and expensive, scheduling is important to ensure optimal computational workload scheduling. One company, Microsurgeonbot, Inc. (doing business as MSB.ai), which is developing a tool for setting up computing jobs for supercomputers. There is clearly a very long tail opportunity in HPC through Use of AI tools. HPCaaS will reach scale only through greater supercomputer accessibility.

Data produced by HPC is often difficult to use or even useless at times. Data needs to be managed and presented in a manner that is useful as information. Data as a Service (DaaS) represents a service model in which data is transformed into useful information. DaaS is one part of the larger Everything as a Service (XaaS) cloud computing based services model, including the traditional three horizontals of SaaS (Software as a Service), PaaS (Platform as a Service), and IaaS (Infrastructure as a Service). It intersects with all three and derives value from a number of different horizontals and verticals.

Vendor managed DaaS systems provide necessary scalability and security for sustainable services execution. DaaS is expected to grow significantly in the near future due to a few dominant themes including cloud-based infrastructure/services, enterprise data syndication, and the consumer services trend towards XaaS. In addition to leveraging big data analytics, another approach to transform data into useful information is through the use of AI. One of the important growth areas for the DaaS market is to leverage AI to offer value-added data in a Decisions as a Service model.

Companies Mentioned

  • Advanced Micro Devices Inc.
  • Amazon Web Services Inc.
  • Atos SE
  • Cisco Systems
  • DELL Technologies Inc.
  • Fujitsu Ltd.
  • Hewlett Packard Enterprise
  • IBM Corporation
  • Intel Corporation
  • Microsoft Corporation
  • NEC Corporation
  • NVIDIA
  • Rackspace Inc.

Key Topics Covered

High-Performance Computing (HPC) Market by Component, Infrastructure, Services, Price Band, HPC Applications, Deployment Type, and Region 2019-2024

1. Executive Summary

2. Introduction

3. High-Performance Computing Market Analysis and Forecast

4. High-Performance Computing Company Analysis

5. Conclusions and Recommendations

6. Appendix: Future of Computing

Data as a Service (DaaS) Market: Enterprise, Industrial, Public, and Government DaaS 2019-2024

1. Executive Summary

2. Data as a Service Technologies

3. Data as a Service Market

4. Data as a Service Strategies

5. Data as a Service Applications

6. Market Outlook and Future of Data as a Service

7. Data as a Service Market Analysis and Forecasts 2019-2024

8. Regional DaaS Market Analysis and Forecasts 2019-2024

9. Conclusions and Recommendations

10. Appendix

For more information about this report visit https://www.researchandmarkets.com/r/2vec7s

Contacts

ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Continue Reading

Font Resizer

Subscribe to PICANTE via Email

Enter your email address to subscribe to PICANTE and receive notifications of new posts by email.

Follow us on Facebook

Read more from our authors

Follow our Tweets

Trending

Please turn AdBlock off