TechFlow, the core development team behind the blockchain-powered IoT platform IoTeX, has announced the completion of a $50 million Series A funding round. Investors include Hashkey Capital, IOSG, Escape Velocity, Jump Crypto, Goodwater Capital, Xoogler Ventures, Wemade, Hanwha Impact, Alpha Grep, DHVC, Vista Lab, and NewBuild VC. According to Jung Sun, co-founder of the company, the funds will significantly expand the MachineFi Lab team. Earlier reports indicated that in early June, MachineFi Lab raised $10 million in seed funding at a $100 million valuation, led by Samsung Next, Draper Dragon Fund, and Jump Capital.
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