San Francisco-based Mirror has said it will use the funds to hire engineers as it refocuses from being a bitcoin exchange (Vaurum).
Originally founded as a Bitcoin exchange called Vaurum, Mirror shifted its focus in late 2014 towards fintech, specifically applying the Blockchain to financial markets. The company is building a smart contracts platform that enables peer-to-peer trading, using Bitcoin, to “democratize access to financial markets.” Mirror leverages Blockchain technology to allow individuals and businesses to create and exchange financial contracts, delivering a decentralized market that enables new ways to hedge economic and business risks at what the company claims is a fraction of the normal cost.