Chipmaker Chain Reaction Raises $70M

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Blockchain and privacy hardware-focused chipmaker Chain Reaction has recently raised $70 million in a Series C funding round led by Morgan Creek Digital.

According to the press release, other participants in the funding round include Hanaco Ventures, Jerusalem Venture Partners, KCK Capital, Exor, Atreides Management and BlueRun Ventures.

As a result of the fundraising, the company’s total capital raised has climbed to $115 million.

The startup is using the funds to expand its team of engineers and developers. Now the staff of the division is 100 employees, including ex-specialists from Nvidia, Mellanox, Israel Intelligence and TSMC.

The funds will enable Chain Reaction to speed up the rollout of enterprise-grade blockchain products.

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