In a blog post on Monday, Palo Alto-based cryptocurrency security firm BitGo, Inc. announced it had raised a US$12 million Series A round of funding.
BitGo’s multi-sig technology
Changes to BitGo’s board of directors
“This new industry simultaneously promises endless possibilities while facing meaningful security threats. We believe that Bitcoin’s inherent advantages over existing financial services infrastructure, combined with BitGo’s best-in-class security platform, will accelerate the adoption of digital money as fundamentally as the Internet changed global communication and publishing.”
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