Axoni, a New York-based provider of an enterprise blockchain technology platform, raised $4m in funding from HSBC.
HSBC joined Goldman Sachs, NYCA Partners, Andreessen Horowitz, Citi, Coatue Management, Digital Currency Group, F-Prime Capital, Franklin Templeton Investments, J.P. Morgan, NEX Group, Wells Fargo, and Y Combinator in the company’s Series B financing round, which now totals $36m. Total funding raised by Axoni to date totals $59m.
The company intends to use the funds to enhance its data synchronization technology, expand its suite of infrastructure products to support mission-critical deployments of AxCore, broaden the network of enterprises leveraging distributed ledgers, advance development of AxLang, an Ethereum-compatible smart contracting language that enables formal verification.
Founded in 2013 and led by CEO Greg Schvey, Axoni specializes in multi-party data synchronization software, offering blockchain infrastructure, distributed application development, and workflow automation tools. Clients include large financial institutions and capital markets infrastructure companies.