Nervos Network Blockchain Startup Secures $28 Mln From Sequoia China, Polychain Capital

Nervos Network, a Chinese blockchain startup founded by a former researcher and developer of the Ethereum Foundation, has announced today July 18, that it has raised $28 million to develop its enterprise blockchain solutions. According to a statement shared with Cointelegraph, Nervos has secured investment from a number of blockchain-related enterprises, including crypto hedge fund Polychain Capital and venture capital firm Sequoia China. Nervos will use the new capital to expand its product and engineering teams, accelerate development of its enterprise blockchain solutions, and form strategic partnerships. The company is aims to provide a hybrid solution that combines a secure public blockchain and an application chain. This will reportedly let enterprises develop and deploy decentralized applications (DApps) “without committing their entire tech stack to the blockchain.” Co-founder and chief architect of Nervos Jan Xie said in the statement that the investment will allow the company to “move full speed ahead…

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