BitFury raises $20M

What does BitFury do?

BitFury, is the leading, totally integrated Bitcoin Blockchain security and infrastructure provider. The company designs and develops industry leading full custom ASIC silicon chips, servers, printed circuit boards and data centers and it runs one of the biggest operations in the world in The Republic of Georgia and Iceland. It is a leader in infrastructure providing and transaction processing companies. It builds PCB Boards, ASICs, data centers and servers, all in house and all of it full custom which enables them in being the most efficient Blockchain transaction processor.

How much BitFury was funded?

BitFury, has raised $20M  in Series C funding on July 9, 2015 from DRW Trading Group, iTech Capital and Georgian Co-Investment Fund.

Previous funding

• $20Min Series A funding on May 30, 2014 from Bill Tai, Blockchain Capital, Binary Financial, Jonathan Teo, ZAD Investments and QueensBridge Venture Partners
• $20Min Series B funding on October 10, 2014 from Bill Tai, Georgian Co-Investment Fund,  Bob Dykes and Lars Rasmussen

What is next for BitFury?

The company is excited to have secured a funding round of $20M which they believe validates their business strategy and bring them closer to their ambitious goals.

The company plans to use its fund for supporting its accelerating growth and technology and business expansion. It has recently introduces it market leading energy efficient 28nm chip. It has acquired the award winning immersion cooling technology startup- Allied Control and has plans in further expanding its business in Republic of Georgia via building a Techno Park which will host its new 100 MW data center.

More about BitFury

BitFury was founded in 2011 by Valery Nebesny and Valery Vavilov. It has its headquarters in San Francisco, California. It is one of the most promising and disruptive technologies in the FinTech industry. It is successful and has a good global recognition.