IAGON, a startup which uses blockchain tech to build a decentralized Big Data platform, has announced it has attracted $3.4 million from several funds focused on cryptocurrencies.
The company has received funds from LedgerLink Labs, which has led the fundraising, as well as Blockchain Israel, AU21 Capital, Kirin Fund, Coinsgroup, Cinchblock, Panony, X21, Genblock, Alphabit, Launchpool, GBV Capital, Trustdao Network, Faculty Group, Llamas, BH Investments, Next Chymia Consulting and a lot more.
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It is worth mentioning that some angel investors have also taken part, including Darren Camas, formerly advisor to Cardano.
The company has reported it will use the funds to deploy a scalable platform for harnessing the storage and processing power of a decentralized grid of computers, coordinated over a Blockchain network.