MachineFi Lab closes $50 million Series A Funding round

06/20 12:22

MachineFi Lab, the core developer of IoTeX blockchain platform for the Internet of Things, announced the completion of $50 million series A financing, with Hashkey Capital, IOSG, Escape Velocity and other investors participating. The round will help expand the MachineFi Lab team, according to co-founder Jung Sun. MachineFi Lab raised a $10 million seed round at a $100 million valuation in early June, led by Samsung Next, Draper Dragon Fund, and Jump Capital.
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