Crypto Startup Kirobo Banks $5 Million from DigiMax

Tel Aviv-based Kirobo, which is developing decentralized technology solutions, has received a $5 million strategic investment from DigiCrypts Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term Solutions (DigiMax), a provider of Artificial Intelligence and crypto technology solutions.

According to the press release shared with Finance Magnates, the investment will help Kirobo to launch wealth management and crypto transaction products, which will be integrated into DigiMax’s offerings.

“Today’s announcement represents a firm seal of approval in Kirobo’s service offering from a highly renowned technology solutions provider,” said, Kirobo CEO, Asaf Naim. “The DigiMax investment will help us expedite the launch of new industry-leading solutions designed to help crypto participants, current and prospective, to navigate transactions with a greater sense of confidence and clarity.”

Kirobo is specifically working on bringing centralized features to decentralized transactions. The Startup Startup A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c Read this Term already developed a solution that allows the cancellation of a transaction, if sent to the wrong address. Furthermore, its solutions enable password protection of blockchain transactions.

Founded in 2018, the startup is in talks with multiple cryptocurrency exchanges to integrate its solutions.

“By removing the fear from crypto transactions, Kirobo will boost wider adoption levels as the enabler of risk-free crypto transactions,” Naim added.

“To enable the wider crypto space to achieve mainstream adoption, the substantial risk of human error, and machine coding error inadvertently creating massive losses on transactions must be addressed,” Chris Carl, DigiMax CEO, said.

Crypto Pioneer Joined the Team

In addition to the funding, well-known crypto pioneer, Brock Pierce, who co-founded EOS Alliance, Block.one, Blockchain Capital, Tether and Mastercoin, joined the advisory board of both DigiMax and Kirobo.

“I am excited to be joining the advisory boards of both DigiMax and Kirobo, and I am looking forward to helping Kirobo introduce its unique and disruptive technology to the market,” Pierce said.