Salesforce and Samsung have contributed to a Series C fundraiser operated by Digital Asset, the company that pushes the DAML (Digital Asset Modeling Language) markets.
The funds built by the American firms Salesforce (CRM / Cloud) and South Korean Samsung (electronics / components) are always investing more in the block chain (blockchain).
This time from Digital Asset Holdings, a FinTech company that provides the regulated market with solutions based on DLT (Distributed Ledger Technology). The company says it has secured an additional Series C investment from investment funds Salesforce Ventures and Samsung Venture Investment Corporation (SVIC).
The amounts invested (remained confidential) complete a previous round of funding of series C (growth of a young growth in a buoyant market) of 35 million dollars completed in December 2019 by the company founded in 2014 in New York. The company also has offices in London (UK), Zurich (Switzerland), Budapest (Hungary), Sydney (Australia) and Hong Kong.
DAML (Digital Asset Modeling Language)
This announcement comes after the opening in 2019 of the source code of the DAML programming language (Digital Asset Modeling Language), at the initiative of Digital Asset.
The company wants to use the funds raised to accelerate the dissemination of DAML, strengthen the ecosystem and finance the development of products for developers, as noted ZDNet. “Salesforce Ventures and Samsung join our Series C funding, a testament to the potential tech giants see in DAML, the standard for smart contracts,” said Yuval Rooz, co-founder and CEO of Digital Asset.
DAML is used to create smart contracts, control and implement agreements between parties. Last year, Digital Asset negotiated a partnership with VMware to integrate DAML with VMware Blockchain. Other integrations are in effect with Hyperledger Sawtooth (which Salesforce Blockchain is based on), Hyperledger Fabric, Corda, and the Amazon Aurora cloud native database.
(photo credit © shutterstock)