TechFlow News, May 21: According to The Block, Foundation, a Bitcoin hardware wallet manufacturer, has raised $6.4 million in funding. The round was led by Fulgur Ventures, with participation from Arche Capital. The company plans to accelerate its expansion from Bitcoin self-custody wallets into identity authentication, multi-factor authentication (MFA), and AI agent authorization. Following this round, Foundation’s total funding has reached $16.5 million.
Meanwhile, Foundation has announced the full commercial launch of its flagship device, the Passport Prime, and opened its KeyOS platform SDK to developers. The device integrates Bitcoin hardware wallet functionality, FIDO security keys, 2FA storage, a secure vault, and 50 GB of encrypted storage.
