TechFlow news — Recently, PlatON, the blockchain network under Singapore’s LatticeX Foundation, announced the completion of a new round of financing totaling $12 million. This round was initiated by Mr. Xinjun Liang, co-founder of Fosun Group and former President & CEO of Fosun Group, who has also joined the LatticeX Foundation as Chief Advisor. The round was led by Goshan Capital and Hash Global Capital, with participation from Singapore-based OUE Group, a leading Asian insurance asset management institution, and other family offices.
This marks the second public fundraising in PlatON's history. Since its official launch in San Francisco in July 2018, the project has raised over $50 million across two rounds. The previous round was jointly led by Hashkey Capital and Youbi Capital, with participation from Hash Global Capital, SNZ Capital, Fundamental Labs, and other investment firms.
Proceeds from this latest funding will primarily support research and engineering in privacy-preserving computation, development of distributed AI technologies, R&D of the Giskard blockchain infrastructure platform, economic model design, and community services.
Founded by Dr. Xiaofeng Wan from Wanxiang Group, PlatON aims to become the foundational infrastructure for the next-generation global privacy computing and decentralized economy, and is recognized as a pioneer and leader in the global privacy computing field.
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