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Cloud Computing Blockchain Startup Oasis Labs Raises $45 Million from All Star Cast of Crypto Funds

Cloud Computing Blockchain Startup Oasis Labs Raises $45 Million from All Star Cast of Crypto Funds

Oasis Labs, a privacy-first cloud computing platform on blockchain, has raised $45 million from a host of top funds, including the Andreessen Horowitz crypto-focused fund a16z, Binance Labs, Pantera Capital, Polychain, Huobi Capital, Accel, and Chinese mining hardware giant Bitmain.

The Wall Street Journal reported the $45 million funding round on July 9, while Oasis Labs revealed the full list of funds and investors in a blog post on the same day.

According to the blog post, privacy is “built into each layer of the stack” of the open-source platform while maintaining the performance needed to “scale to complex application workloads like machine learning.”

CEO Dawn Song, a MacArthur Fellow and computer science professor at Berkeley, along with other members of the Oasis team, have “decades of research experience and industry collaboration,” including a user privacy project with Uber and research on open source secure hardware in collaboration with MIT.

Notably, Oasis Labs became the first project to attract investment from a16z since the new $300 million crypto-focused fund was founded in late June.

12 Jul 2018

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