Orbs, a NYC-based blockchain platform built for large-scale consumer applications, raised more than $118m in funding.
Backers were not disclosed.
The company intends to use the funds for the development and launch of the Orbs platform, which it will bring to market in June.
Founded by Tal Kol, Uriel Peled and Daniel Peled, Orbs is building a fully decentralized public platform that is specially designed to meet the needs of large scale consumer applications, with a core product experience inspired by infrastructure solutions such as Amazon Web Services (AWS) and familiar terminology like Service Level Agreements (SLA) and dedicated resources.
Design partners include Kik, Zinc ironSource, Endor, PumaPay and Zooz.