Axoni, a NYC-based provider of enterprise blockchain technology, completed a $32m Series B financing.
The round, which brought total funding to date above $55m, was led by Goldman Sachs and Nyca Partners, with participation from Andreessen Horowitz, Citi, Coatue Management, Digital Currency Group, F-Prime Capital, Franklin Templeton Investments, J.P. Morgan, NEX Group, Wells Fargo, and Y Combinator.
The company will use the financing to enhance its data synchronization technology, expand its suite of infrastructure products to support mission-critical deployments of AxCore, and broaden the network of enterprises leveraging distributed ledgers. It will also advance development of AxLang, an Ethereum-compatible smart contracting language that enables formal verification.
Founded in 2013 and led by Greg Schvey, CEO, Axoni is a blockchain technology company that specializes in distributed ledger infrastructure whose clients include many of the world’s largest financial institutions and capital markets infrastructure companies. The company currently offers blockchain infrastructure, distributed application development, and workflow automation tools. Its AxCore technology has been deployed across a variety of markets ranging from complex derivatives to high-volume foreign exchange.