Cere Network, a San Francisco-based blockchain customer relationship management (CRM) startup, has completed a $3.5 million funding spherical.
The seed spherical involved major world blockchain investors, as well as Binance Labs, a venture arm of Binance, the second biggest crypto exchange by trading volumes to date. Different investors included neo global Capital, Fenbushi Capital, Arrington XRP Capital, Kenetic Capital, Alphabit Fund, Block VC, Kosmos Capital, LD Capital, Mon Capital, Pre Angel Fund and Republic Labs.
Alongside with the investment, Cere Network declared the launch of a brand new workplace in New York, further as plans to line up the Cere Network Innovation factory in Berlin throughout Berlin Blockchain Week, which can be held between August 18 and August 29.
One of the most rapidly evolving industries
Founded by Silicon Valley veterans with tech expertise from Amazon, Twitch, and Bebo, cere Network plans to disrupt the quickly developing CRM business. Per the announcement, world spending on CRM solutions surged by nearly 16 PF in 2018 and reached $48 million.
By applying blockchain technology to CRM, Cere Network intends to expand the restricted pool of data shared in CRM, additionally making certain privacy and security of data, the announcement notes.
Feng Xiao, general partner at China-based $50 million crypto fund Fenbushi Capital, stressed wrap Network’s potential to deal with interoperability issues across multiple industries.
Earlier in July, Top Market Group reported on Cere Network receiving strategic funding from Binance Labs, Arrington XRP Capital, and modern world Capital. A participant of Binance Labs’ incubation program, the Cere is additionally the establishment of incentive token Cere, that is employed to inspire individuals to run blockchain nodes.
Last week, world CRM giant Salesforce certified 1st ever artwork-painted Lamborghini Aventador S through its blockchain platform.
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