Former Obama Tech Officer Raises $3.7 Million for Blockchain SaaS Startup

Offchain Labs, a startup co-founded by a former Obama administration official, has raised a $3.7 million in seed funding.

The round was led by Pantera Capital and included participants such as Compound VC. Offchain Labs co-founder Ed Felten, a computer science professor at Princeton University and former deputy U.S. chief technology officer in the Obama White House, told CoinDesk his software-as-a-service (SaaS) startup will focus on “scaling smart contracts” for enterprise use cases.

Read more https://www.coindesk.com/former-obama-tech-officer-raises-3-7-million-for-blockchain-saas-startup

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