W3BCLOUD Raises $20.5M in Funding

w3bcloud

W3BCLOUD, a Dublin, Ireland-based joint venture between Advanced Micro Devices (NASDAQ: AMD) and ConsenSys, completed its initial close of $20.5M in convertible notes.

Advanced Micro Devices (NASDAQ: AMD) and ConsenSys, along with several family offices in the United Arab Emirates, participated in the funding.

The company intends to use the funds to ramp and operate its first Ethereum blockchain data centers.

Led by Co-Founder and CEO Sami Issa. W3BCLOUD is an exclusive joint venture between Advanced Micro Devices (NASDAQ:AMD), a high-performance computing, graphics and visualization technologies company, and ConsenSys, a blockchain software development and product company, building a global network of high-performance data centers to enable Web 3.0 and the blockchain economy.

FinSMEs

25/06/2020

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