Switzerland based blockchain cloud computing startup Dfinity has raised a $61m funding round from Andreessen Horowitz and Polychain Capital.
The Dfinity blockchain project has big aspirations for the $61 million it raised from Polychain Capital and Andreessen Horowitz today. The company wants to create a new, decentralized cloud — a “cloud 3.0” — that will cut the costs of running cloud-based business applications by 90 percent and upend the current cloud services model led by Amazon and Google. The backing of respected VC firms, a sharp team, and the promise of a new type of blockchain able to move fast all indicate this is a project worth watching. But it can be hard to nail down exactly what Dfinity’s mission is.