Switzerland based blockchain cloud computing startup Dfinity has raised a $61m funding round from Andreessen Horowitz and Polychain Capital.
The Dfinity team ran a public “seed stage” ICO last February and expected to follow that up with a “main” ICO late last year. But the new capital infusion announced today may have taken the place of that public ICO. The project’s true selling point seems to be that it would give enterprises access to what Williams calls an “internet computer” — a single, infinitely scalable, internet-based computer. The Dfinity network isn’t expected to deploy until the end of 2018; however, a small (500 node) testnet deployed in October apparently showed strong results. The globally distributed testnet was able to finalize computations in one second, compared to 600 seconds needed by the Ethereum blockchain and 3,600 seconds needed by Bitcoin, the team said.