VMware Joins Samsung, Salesforce as Investor in Digital Asset’s Series C Funding Round

Enterprise blockchain firm Digital Asset announced Tuesday that VMware is investing in the firm’s Series C funding round. 

• In an announcement on its website, Digital Asset said VMware joined Samsung Venture Investment Corporation and Salesforce Ventures as an investor in the firm’s funding round, which was announced in December.
  
• Brandon Howe, vice president and general manager of VMware blockchain, has also joined Digital Asset’s Board of Directors. 
  
• Initially marketed as a private blockchain provider for financial institutions, Digital Asset has shifted its focus to DAML, an open-source platform to help deal with smart contracts.
  
• The firm had also announced its platform has been integrated with VMware Blockchain, Amazon Web Services, Aurora’s database and Hyperledger Fabric, among others. 
  
• While the firm’s announcement did not disclose the amount of funding received from VMware, its Series C disclosure at the end of last year indicated it had managed to raise $35 million at the time.