Digital Asset Adds VMware As Investor in Series C Round

Digital Asset Adds VMware As Investor in Series C Round

by July 15, 2020
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Digital Asset, the creators of the open-source DAML smart contract language, announced that VMware has joined the company’s Series C financing round, which was announced last December. With this investment, VMware joins Salesforce Ventures and Samsung Venture Investment Corp (Samsung) as investors and its growing ecosystem of DAML partners.

DAML is a framework for building connected applications that spans data silos and trust boundaries, changing how businesses collaborate across industries. Digital Asset partners with technology infrastructure providers to integrate DAML smart contracts with their blockchain, database or cloud technologies.

Yuval Rooz

Yuval Rooz

“Digital Asset’s partnership with VMware provides a truly enterprise grade blockchain offering that meets the requirements of even the most demanding use cases across a range of markets.”

said Yuval Rooz, co-founder and CEO of Digital Asset.

 

Digital Asset’s partners provide commercial integrations with modern infrastructures, such as VMware Blockchain, to enable teams to build fundamentally new products.

Brendon Howe

Brendon Howe

“Digital Asset’s simple and powerful business logic approach helps customers build distributed multi-party applications much faster. The combination of DAML and VMware’s blockchain products is an exciting business opportunity for both of us, and we look forward to expanding our collaboration.”

said Brendon Howe, Vice President and General Manager, VMware Blockchain.

He joined VMware in September 2019 where he is currently a part of the company’s Board of Directors and is responsible for leading their blockchain business unit.

In April 2019, Digital Asset announced a partnership with VMware to integrate DAML with VMware Blockchain. Subsequently, further integrations were announced with Hyperledger Fabric, Sawtooth, and Besu, R3’s Corda, Chinese blockchain FISCO BCOS, Amazon’s QLDB and Aurora databases, as well as DAML cloud service making it the most widely supported smart contract language in the world.

 

Featured Image Credit: VMware Facebook

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