Creators of the Open Source ​DAML​ Smart Contract Language Digital Asset – Raises $35 Million in Series C

The creators of the open-source ​DAML​ smart contract language, ​Digital Asset​ (DA), has raised approximately $35 million in Series C funding from new and existing investors. According to DA, the latest financing round brings the total amount raised by the company to $150 million.

Yuval Rooz, co-founder and CEO of DA, explained that DAML allows users to focus on your product while eliminating complexity:

“Ninety percent of development time is wasted on undifferentiated work. With this new funding, we will go further on this mission to focus on the 10 percent value-add by providing a world class smart contract experience regardless of where your application runs.”

DAML is described as a “next-generation smart contract language.”

Digital Asset provides commercial integrations of DAML with ​partner platforms​ to enable a variety of organizations – from big corporations to start-ups. In April, the company ​announced​ a partnership with VMware to integrate DAML with VMware Blockchain.

Subsequently, ​further integrations​ with Hyperledger Sawtooth, Hyperledger Fabric, Corda, and Amazon’s QLDB and Aurora databases have been announced.

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