Benzinga – Babylon, a crypto startup co-founded by Stanford University engineering Professor David Tse, has raised $70 million in its latest funding round.
What Happened: The round was led by crypto venture capital firm Paradigm and included investments from Polychain and Bullish Capital, the company announced on Thursday, according to a Bloomberg report.
This follows an $18 million raise in December from investors such as Hack VC and Framework Ventures.
Although Babylon did not disclose its current valuation or investment details, a representative confirmed that the funds will be used to expand staff and further research and development.
This latest investment highlights a renewed interest in Bitcoin-focused projects among venture capitalists.
Traditionally, Ethereum (CRYPTO: ETH) and other blockchains…
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