AERGO’s architecture will allow enterprises to transfer data without having to trust an intermediary while also being flexibly governed and integrated into existing systems



AERGO, the strategic technology partner of Blocko, a blockchain infrastructure provider based out of South Korea, has secured US$30 million in venture funding from a slew of investors, including Sequoia Capital China, GBIC, Neo Global Capital, Dekrypt Capital, and FBG Capital.

Other investors who joined the round are Arrington XRP Capital, JRR Crypto, Rockaway Capital, and Block Crafters Capital.

The company will use the funds to launch a new base-layer public blockchain protocol, deliver a set of IT integration software deployment blueprints, scale R&D teams, launch new applications on the platform, and expand its partner ecosystem and global reach.

AERGO is an open-source based platform that features customisable hybrid-blockchain deployments, a server-less cloud architecture, and data bridging technology. AERGO’s architecture will allow enterprises to transfer data without having to trust an intermediary while also being flexibly governed and integrated into existing systems.

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The startup takes a hybrid blockchain approach to its design architecture which entails a mix of a public chain, private chains, and side chains all connected through interoperability technology. AERGO claims a hybrid approach should allow ease of integration into existing systems by giving businesses the flexibility of coupling completely trust-less environments for sensitive data or value transfers with regulatory compliant record-keeping, privacy, and customisation.

“I’ve spent over twenty-five years leading firms like Red Hat and VMWare in driving adoption of open-source technologies by delivering complex systems to corporations like Deutsche Telekom, HSBC, Ferrari, Sony, Ericsson, and Siemens,” said Phil Zamani, Founder and Chairman of the AERGO organisation. “Blocko’s approach to the next frontier of open-source technology, blockchain, will emulate that which I made when leading business strategies in firms like Red Hat, where innate customer know-how, which Blocko has, was the edge over competitors like IBM.”

The startup previously raised US$8.9 million in a Series B round in June of this year, which included a follow-on investment from Samsung Ventures from a previous funding round.

Samsung-backed Blocko supports, develops, and subsequently plans to use the AERGO platform to offer a broader set of enterprise-IT solutions and cloud-based application development capabilities to many existing blockchain clients.

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