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Imua Raises $5M Seed Round to Launch the AWS for Trust

GlobeNewswire LogoGlobeNewswire11h ago

Imua Raises $5M Seed Round to Launch the AWS for Trust - GlobeNewswire

Quick Summary:

Imua uses novel techniques to bundle decentralized security & trust from top blockchains like Bitcoin, Ethereum, XRP and Solana, and extends it as a service to secure off-chain networks such as AI.San Francisco, CA , Feb.24, 2025 (GLOBE NEWSWIRE) -- Imua, formerly known as Exocore, has raised a $5 million seed round led by Draper Dragon, No Limit Holdings, and Paramita Capital to launch the AWS for trust.

"Aggregating and extending the decentralized trust and security of top blockchains like Bitcoin, Ethereum, XRP and Solana to both crypto and non-crypto platforms such as AI will be a multi-trillion dollar opportunity,” says Imua co-founder, Warren Paul Anderson, "similar to unlocking crude oil for use as petroleum in automotives.” Imua is a Hawaiian word that means "to move forward".

Imua is a new purpose-built L1 blockchain for shared security that aggregates on-chain decentralized trust via restaking and extends it as a service to the off-chain world of AI and more.

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Article Details

Author / Journalist: Imua

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-24 @ 14:00:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 411 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 26377116

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About GlobeNewswire

Main Topics: Technology

Official Website: globenewswire.com

Update Frequency: 53 posts per day

Year Established: 1998

Headquarters: China

News Last Updated: 8 hours ago

Coverage Areas: China

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #116

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