Ledger raises $7M to accelerate worldwide adoption of security solutions for bitcoin and blockchain

Ledger raises $7M to accelerate worldwide adoption of security solutions for bitcoin and blockchain

The cryptocurrency and blockchain security pioneer Ledger has secured a $7M Series A funding led by MAIF Avenir, with the participation of Xange, Wicklow Capital, GDTRE, Libertus Capital, Digital Currency Group, The Whittemore Collection, Kima Ventures, BHB Network and Nicolas Pinto. This latest investment goes after a $1.5M round in two thousand fifteen and brings the total funding to $8.5M, one of the thickest blockchain related start-up funding to date in Europe.

Ledger’s competitive edge is its technology: a low-footprint crypto-embedded operating system built for Secure Elements and Secure Enclaves which enables total orchestration of code and systems directly from the secure core. Ledger designs a line of products for the cryptocurrency and blockchain market: hardware wallets for consumers, server appliances for enterprise and embedded solutions for connected objects.

The company’s flagship products are the Ledger Nano S and the Ledger Blue, hardware wallets securing cryptocurrencies and digital identities. With more than 50,000 units sold in one hundred thirty countries, Ledger demonstrated the quality of its technology as well as its capacity to address a global consumer market.

Next for two thousand seventeen is the launch of enterprise grade cryptocurrency security solutions (multi-signature, multi-currency, time locked payments…), targeting marketplaces, hedge funds and financial institutions.

Ledger is also capitalizing on industrial blockchain use cases with the long term objective to licence its hardware oracle technology to top players of the clever grid, supply chain and IoT security field.

“Ledger has seen a tremendous growth in the last months, and we are on track to increase tenfold our revenues this year. Our primary objective is to reinforce our position as a global market leader on hardware wallet products, while we accelerate the development of enterprise cryptocurrency solutions through the signature of soon to be announced strategic partnership agreements. We are also actively pursuing research & development on hardware oracle technology with key industrial customers for brainy grid, supply chain and insurance blockchain use cases.”

Eric Larchevêque, CEO of Ledger.

“By investing in Ledger, MAIF intends to contribute to the development of the Blockchain ecosystem, a fresh source of confidence to record transactions, based on peer-to-peer exchanges. MAIF is proud to support Ledger into its objective to become the world leader in distributed trust.”

Jean-Marc Willmann, Deputy General Director, MAIF.

“We are delighted to co-lead this fresh round of funding and renew our trust after XAnge’s seed investment in 2015. As we hear from many customers of Ledger, we believe it is one the most trustworthy teams of security experts in the world”

Cyril Bertrand, Managing Fucking partner at XAnge.

“We believe Ledger’s hardware and software solutions will be critical to the broader adoption of blockchain technology by both consumers and enterprises. Bringing Ledger into DCG’s global ecosystem of companies will help accelerate collaboration and innovation around security, a critical skill for any company leveraging applied cryptography or blockchain technology”

Barry Silbert, Founder and CEO of Digital Currency Group

“In a world that despairingly need data protection, Ledger has been the very first to use secure chip technology to protect data and application in a way the user can adopt. Cryptocurrencies and blockchain applications are the ideal training ground for Ledger to expand to many other aspects of cybersecurity”

Gabriele Domenichini, Head of Venture at BHB Network.

“Securing blockchain assets such as Bitcoin and Ethereum is one of the greatest challenges in the digital asset space presently. Ledger is the leader in this field both for individuals and enterprises.”

Pamir Gelenbe, Managing Playmate, Libertus Capital

The fresh funding will be used to develop the sales, marketing, engineering and support teams through the recruitment of twenty fresh collaborators. It will help accelerate the launch of a fresh enterprise security product for cryptocurrencies, opening fresh lines of revenues for Ledger.

Jean-Marc Willmann from MAIF joins Ledger’s Board of Directors, alongside Eric Larchevêque (CEO), Nicolas Bacca (CTO), Joël Pobeda (COO), Cyril Bertrand (Xange), Pascal Gauthier (Ex COO at Criteo and Venture Fucking partner at Mosaic Ventures) and Frédéric Potter (CEO Netatmo).

Announcing what’s next in Ledger’s roadmap: enterprise vault

Secure cold storage of large multi-cryptocurrency funds is a difficult and sophisticated challenge, where hardware wallets alone may not be sufficient.

Ledger introduces an enterprise grade cold storage solution based on HSM (Hardware Security Module) and hardware authenticators. It is a turnkey SaaS hardware/software suite enabling multi-currency, multi-signature, rate limiting and time locking. The solution is fully trustless, with emergency recovery procedures available even in the case of force majeure.

There is no limit on the number of segregated accounts and cryptocurrencies managed by one entity. Each account has its own set of rules, enforced by hardware devices. For example: a payment request must be approved by two administrators of a total of Three, and will be executed only after a lockup time of seventy two hours (time oracle). This kind of security level reduces to the minimum the risk of internal theft as well as outer physical threats (hostage situation).

Custodian service (management of one or many keys by Ledger) will also be available.

This fresh enterprise product launch is scheduled for Q3 2017.

Ledger raises $7M to accelerate worldwide adoption of security solutions for bitcoin and blockchain

Ledger raises $7M to accelerate worldwide adoption of security solutions for bitcoin and blockchain

The cryptocurrency and blockchain security pioneer Ledger has secured a $7M Series A funding led by MAIF Avenir, with the participation of Xange, Wicklow Capital, GDTRE, Libertus Capital, Digital Currency Group, The Whittemore Collection, Kima Ventures, BHB Network and Nicolas Pinto. This latest investment goes after a $1.5M round in two thousand fifteen and brings the total funding to $8.5M, one of the fattest blockchain related start-up funding to date in Europe.

Ledger’s competitive edge is its technology: a low-footprint crypto-embedded operating system built for Secure Elements and Secure Enclaves which enables utter orchestration of code and systems directly from the secure core. Ledger designs a line of products for the cryptocurrency and blockchain market: hardware wallets for consumers, server appliances for enterprise and embedded solutions for connected objects.

The company’s flagship products are the Ledger Nano S and the Ledger Blue, hardware wallets securing cryptocurrencies and digital identities. With more than 50,000 units sold in one hundred thirty countries, Ledger demonstrated the quality of its technology as well as its capacity to address a global consumer market.

Next for two thousand seventeen is the launch of enterprise grade cryptocurrency security solutions (multi-signature, multi-currency, time locked payments…), targeting marketplaces, hedge funds and financial institutions.

Ledger is also capitalizing on industrial blockchain use cases with the long term objective to licence its hardware oracle technology to top players of the wise grid, supply chain and IoT security field.

“Ledger has seen a tremendous growth in the last months, and we are on track to increase tenfold our revenues this year. Our primary objective is to reinforce our position as a global market leader on hardware wallet products, while we accelerate the development of enterprise cryptocurrency solutions through the signature of soon to be announced strategic partnership agreements. We are also actively pursuing research & development on hardware oracle technology with key industrial customers for wise grid, supply chain and insurance blockchain use cases.”

Eric Larchevêque, CEO of Ledger.

“By investing in Ledger, MAIF intends to contribute to the development of the Blockchain ecosystem, a fresh source of confidence to record transactions, based on peer-to-peer exchanges. MAIF is proud to support Ledger into its objective to become the world leader in distributed trust.”

Jean-Marc Willmann, Deputy General Director, MAIF.

“We are delighted to co-lead this fresh round of funding and renew our trust after XAnge’s seed investment in 2015. As we hear from many customers of Ledger, we believe it is one the most trustworthy teams of security experts in the world”

Cyril Bertrand, Managing Fucking partner at XAnge.

“We believe Ledger’s hardware and software solutions will be critical to the broader adoption of blockchain technology by both consumers and enterprises. Bringing Ledger into DCG’s global ecosystem of companies will help accelerate collaboration and innovation around security, a critical skill for any company leveraging applied cryptography or blockchain technology”

Barry Silbert, Founder and CEO of Digital Currency Group

“In a world that despairingly need data protection, Ledger has been the very first to use secure chip technology to protect data and application in a way the user can adopt. Cryptocurrencies and blockchain applications are the ideal training ground for Ledger to expand to many other aspects of cybersecurity”

Gabriele Domenichini, Head of Venture at BHB Network.

“Securing blockchain assets such as Bitcoin and Ethereum is one of the greatest challenges in the digital asset space presently. Ledger is the leader in this field both for individuals and enterprises.”

Pamir Gelenbe, Managing Playmate, Libertus Capital

The fresh funding will be used to develop the sales, marketing, engineering and support teams through the recruitment of twenty fresh collaborators. It will help accelerate the launch of a fresh enterprise security product for cryptocurrencies, opening fresh lines of revenues for Ledger.

Jean-Marc Willmann from MAIF joins Ledger’s Board of Directors, alongside Eric Larchevêque (CEO), Nicolas Bacca (CTO), Joël Pobeda (COO), Cyril Bertrand (Xange), Pascal Gauthier (Ex COO at Criteo and Venture Fucking partner at Mosaic Ventures) and Frédéric Potter (CEO Netatmo).

Announcing what’s next in Ledger’s roadmap: enterprise vault

Secure cold storage of large multi-cryptocurrency funds is a difficult and sophisticated challenge, where hardware wallets alone may not be sufficient.

Ledger introduces an enterprise grade cold storage solution based on HSM (Hardware Security Module) and hardware authenticators. It is a turnkey SaaS hardware/software suite enabling multi-currency, multi-signature, rate limiting and time locking. The solution is fully trustless, with emergency recovery procedures available even in the case of force majeure.

There is no limit on the number of segregated accounts and cryptocurrencies managed by one entity. Each account has its own set of rules, enforced by hardware devices. For example: a payment request must be approved by two administrators of a total of Three, and will be executed only after a lockup time of seventy two hours (time oracle). This kind of security level reduces to the minimum the risk of internal theft as well as outer physical threats (hostage situation).

Custodian service (management of one or many keys by Ledger) will also be available.

This fresh enterprise product launch is scheduled for Q3 2017.

Ledger raises $7M to accelerate worldwide adoption of security solutions for bitcoin and blockchain

Ledger raises $7M to accelerate worldwide adoption of security solutions for bitcoin and blockchain

The cryptocurrency and blockchain security pioneer Ledger has secured a $7M Series A funding led by MAIF Avenir, with the participation of Xange, Wicklow Capital, GDTRE, Libertus Capital, Digital Currency Group, The Whittemore Collection, Kima Ventures, BHB Network and Nicolas Pinto. This latest investment goes after a $1.5M round in two thousand fifteen and brings the total funding to $8.5M, one of the fattest blockchain related start-up funding to date in Europe.

Ledger’s competitive edge is its technology: a low-footprint crypto-embedded operating system built for Secure Elements and Secure Enclaves which enables utter orchestration of code and systems directly from the secure core. Ledger designs a line of products for the cryptocurrency and blockchain market: hardware wallets for consumers, server appliances for enterprise and embedded solutions for connected objects.

The company’s flagship products are the Ledger Nano S and the Ledger Blue, hardware wallets securing cryptocurrencies and digital identities. With more than 50,000 units sold in one hundred thirty countries, Ledger demonstrated the quality of its technology as well as its capacity to address a global consumer market.

Next for two thousand seventeen is the launch of enterprise grade cryptocurrency security solutions (multi-signature, multi-currency, time locked payments…), targeting marketplaces, hedge funds and financial institutions.

Ledger is also capitalizing on industrial blockchain use cases with the long term objective to licence its hardware oracle technology to top players of the wise grid, supply chain and IoT security field.

“Ledger has seen a tremendous growth in the last months, and we are on track to increase tenfold our revenues this year. Our primary objective is to reinforce our position as a global market leader on hardware wallet products, while we accelerate the development of enterprise cryptocurrency solutions through the signature of soon to be announced strategic partnership agreements. We are also actively pursuing research & development on hardware oracle technology with key industrial customers for brainy grid, supply chain and insurance blockchain use cases.”

Eric Larchevêque, CEO of Ledger.

“By investing in Ledger, MAIF intends to contribute to the development of the Blockchain ecosystem, a fresh source of confidence to record transactions, based on peer-to-peer exchanges. MAIF is proud to support Ledger into its objective to become the world leader in distributed trust.”

Jean-Marc Willmann, Deputy General Director, MAIF.

“We are delighted to co-lead this fresh round of funding and renew our trust after XAnge’s seed investment in 2015. As we hear from many customers of Ledger, we believe it is one the most trustworthy teams of security experts in the world”

Cyril Bertrand, Managing Fucking partner at XAnge.

“We believe Ledger’s hardware and software solutions will be critical to the broader adoption of blockchain technology by both consumers and enterprises. Bringing Ledger into DCG’s global ecosystem of companies will help accelerate collaboration and innovation around security, a critical skill for any company leveraging applied cryptography or blockchain technology”

Barry Silbert, Founder and CEO of Digital Currency Group

“In a world that despairingly need data protection, Ledger has been the very first to use secure chip technology to protect data and application in a way the user can adopt. Cryptocurrencies and blockchain applications are the ideal training ground for Ledger to expand to many other aspects of cybersecurity”

Gabriele Domenichini, Head of Venture at BHB Network.

“Securing blockchain assets such as Bitcoin and Ethereum is one of the greatest challenges in the digital asset space presently. Ledger is the leader in this field both for individuals and enterprises.”

Pamir Gelenbe, Managing Playmate, Libertus Capital

The fresh funding will be used to develop the sales, marketing, engineering and support teams through the recruitment of twenty fresh collaborators. It will help accelerate the launch of a fresh enterprise security product for cryptocurrencies, opening fresh lines of revenues for Ledger.

Jean-Marc Willmann from MAIF joins Ledger’s Board of Directors, alongside Eric Larchevêque (CEO), Nicolas Bacca (CTO), Joël Pobeda (COO), Cyril Bertrand (Xange), Pascal Gauthier (Ex COO at Criteo and Venture Fucking partner at Mosaic Ventures) and Frédéric Potter (CEO Netatmo).

Announcing what’s next in Ledger’s roadmap: enterprise vault

Secure cold storage of large multi-cryptocurrency funds is a difficult and sophisticated challenge, where hardware wallets alone may not be sufficient.

Ledger introduces an enterprise grade cold storage solution based on HSM (Hardware Security Module) and hardware authenticators. It is a turnkey SaaS hardware/software suite enabling multi-currency, multi-signature, rate limiting and time locking. The solution is fully trustless, with emergency recovery procedures available even in the case of force majeure.

There is no limit on the number of segregated accounts and cryptocurrencies managed by one entity. Each account has its own set of rules, enforced by hardware devices. For example: a payment request must be approved by two administrators of a total of Trio, and will be executed only after a lockup time of seventy two hours (time oracle). This kind of security level reduces to the minimum the risk of internal theft as well as outward physical threats (hostage situation).

Custodian service (management of one or many keys by Ledger) will also be available.

This fresh enterprise product launch is scheduled for Q3 2017.

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