Digital Asset attracts investments from Samsung and Salesforce

The financial technology sturtup, Digital Asset, announced a second round of C series and secured the investments of two very important companies: Samsung and Salesforce.

 Digital Asset attracts investments from Samsung and Salesforce

The development of Digital Asset grows

Digital Asset, the startup of financial technology, announced its first round of C series in December 2019 in which it managed to raise USD 35 million. According to a press release dated February 4, 2020, Digital Assets has decided to make another round of series C. In this second round, Digital Asset attracted the investment subsidiaries of Salesforce (Salesforce Venture) and Samsung (Samsung Venture Investment Corporation) , which means a great support for the development of the company's projects.

The Digital Asset sturtup is focused on the development of blockchain software and in April 2019 launched a product called Digital Asset Modeling Language (DAML) that acts as an intelligent coding of contracts. With the new capital gathered in the financing rounds, the company plans to feed the development of new products and improve its DAML product.

In addition to obtaining significant funding, Digital Asset announced in a press release the incorporation of Susan Hauser, a veteran of technology who was corporate vice president for 28 years of the technology giant: Microsoft. Hauser said: "During my time as an advisor to Digital Asset, I quickly learned how smart contracts can be transformers for a variety of use cases and in all industries. Let's see the adoption of smart contracts - and languages ‚Äč‚Äčlike DAML - take off in the near future."

For his part, Yuvol Rooz, the co-founder and CEO of Digital Asset, said in the press release that: "The fact that Salesforce Ventures and Samsung join our round of Series C funding demonstrates the potential that the giants of technology see in DAML as the standard for smart contracts."