Richard Gendal Brown
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R3 Confirms $150 Million Fundraising And Introduces Its Blockchain Platform, Corda
According to reports, David Rutter, founder and CEO of R3, a four year old blockchain startup based in New York, confirmed earlier reports that R3 is raising $150 million, saying that it is “not yet over,” but that R3 “has made very good progress,” and “will end a part of the New Year early.” Rutter also gave a detailed introduction to R3’s blockchain platform, Corda, which was developed by CTO Richard Gendal Brown of the company, who was an executive architect for industry innovation and business development at IBM. Blockchain company R3 is expected to complete a financing of $150 million in the first quarter Analysis based on this information:This message highlights two major points regarding R3, a four-year-old blockchain startup based in New York. Firstly, the company’s founder and CEO, David Rutter, confirmed that R3 is indeed raising $150 million. Secondly, Rutter provided a detailed introduction to R3’s blockchain platform, Corda, which was developed by the company’s CTO, Richard…
