Digital Asset, the firm behind the open-source DAML smart contract programming language, has reportedly acquired investments from Salesforce Ventures and Samsung Venture Investment Corp, as part of the second closing of its Series C financing round.
As mentioned on Digital Asset’s official website, the company assists firms in designing, developing, and running the “next generation of business applications.” It combines extensive industry experience with the latest software development tools and an ecosystem of leading tech partners, in order to assist its customers in addressing complex business challenges.
In December of last year, Digital Asset had secured $35 million through a Series C investment round led by the Australian Securities Exchange (ASX), Jefferson River Capital, and several other investors. Following this round, the firm had raised a total of $150 million.
A February 4 press statement shared with The Block noted that Salesforce Ventures and Samsung Venture Investment Corporation have now joined Digital Asset’s investment round. The capital acquired will be used to promote the adoption of DAML across several different industries, expand existing DAML-enabled partner products, and finance the development of new products that will enhance the developer experience.
Following the capital injection, the firm will be making a new addition to its senior management team. Digital Asset is appointing Susan Hauster, former Microsoft corporate VP, to its board of directors. Hauster brings nearly three decades of professional experience working at Microsoft. She will be assisting Digital Asset in analyzing client requirements and formulating effective go-to-market strategies.
“We are going to see adoption of smart contracts — and languages like DAML — take-off in the near future. I look forward to lending my expertise and helping DA expand its go-to-market activities and transform entire industries with DAML, delivering innovation without compromising trust.”