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Palo Alto based Bitcoin security platform BitGo raised a $42.5m Series B round led by Valor Equity Partners at a $42.5m valuation, up from $12m in 2014.
The new capital represents an infusion of money from traditional sources into a company that wants to power the traditional adoption of a non-traditional technology. The firm claims that it “processes over $8 billion [in] transactions per month.” That scale, which has presumably spiked in recent weeks as bitcoin has returned near the Sun thanks to its cyclically-Prometheum orbit, must have helped it raise the new cash.
https://news.crunchbase.com/news/bitgo-raises-42-5m-without-ico-crypto-security/
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