Privacy-oriented startup Beam has secured an undisclosed amount of funding from “’s equivalent to LinkedIn” Recruit Co., Ltd.
Recruit the Monday, stating that the investment is through its $25 million-sized RSP Tech Fund, which was set up last November. Beam also the investment in a Tweet Monday, stating that Recruit invested prior to its Mainnet launch last month, adding:
“This investment helps Beam fulfill its mission in too when it comes to deploying a compliant, scalable, and confidential .”
Giving the reason why it invested in Beam, Recruit said: “Beam provides a with a function that prevents the divulgation of transaction data to third parties and protects the user’s transaction information.”
Beam back in January and became one of the first based on Mimblewimble, a protocol that makes transactions confidential and reduces the size of the overall . Since launch though, the project has faced some Most recently, its network “stopped at block 25709” for a brief period before operations were restored.
Recruit, in its Monday’s statement, further said that through its RSP Tech Fund, which is a venture between Recruit and its subsidiary Recruit Strategic Partners, Inc. (RSP), it aims to invest in “promising” startups.
Besides Beam, Recruit has also invested in in the space, according to its website. These include crypto debit cards provider Shift Payments, identity startup ShoCard, payments provider Veem and Japanese exchange
image via Shutterstock
Published at Mon, 18 Feb 2019 23:19:14 +0000
