Cobo Raises $13M in Series A Funding Round

Cobo Raises $13M in Series A Funding Round

THELOGICALINDIAN - Chinese startup Cobo aloft 13 actor this anniversary in a Series A costs annular led by DHVC and Wu Capital The Beijingbased aggregation accustomed by Bihang wallet developer Changhao Jiang and Shixing Discus Fish Mao the cofounder of F2Pool said it will use the funds to abutment the all-embracing amplification of its two wallet offerings

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Global Expansion

Chinese Cryptocurrency Wallet Cobo Raises $13 Actor in Series A FundingCobo has developed two capital products: a multi-asset software wallet and a “military-grade” accouterments wallet. The new allotment annular brings absolute advance in the aggregation to $20 actor to date. Cobo affairs to aggrandize in the U.S. and several Southeast Asia markets, decidedly Vietnam and Indonesia.

The aggregation claims that more than 500,000 bodies accept downloaded Cobo Wallet back it was launched beforehand this year. It already supports added than 30 above cryptocurrencies and 500 tokens. It additionally appearance assorted layers of security, including two-factor authentication, hot-cold servers and accouterments aegis bore encryption.

“Cobo’s different access redefines the abstraction of crypto asset administration and creates new opportunities for investors,” said Judy Yan, managing administrator of DHVC. “The aggregation leverages their all-encompassing blockchain acquaintance to advice aegis users’ assets while additionally breeding allotment for their benefit.”

Bank-Grade Cold Storage

Chinese Cryptocurrency Wallet Cobo Raises $13 Million in Series A FundingThe aggregation additionally appear that Cobo Vault, its accouterments product, is now accessible for pre-order on Indiegogo for $479. It appearance a “bank-grade” encryption chip, as able-bodied as a tamper-proof self-destruct apparatus that wipes all stored clandestine keys and abstracts if accession tries to physically force the accessory open, in accession to added aegis measures.

Cobo Vault additionally boasts a 4-inch LCD affectation with an IP68 waterproof rating. The aggregation claims the product’s MIL STD-810G-certified (U.S. aggressive standard) brushed aluminum case is able abundant to abide complete afterwards actuality run over by a car. Cobo Vault handles affairs over the air by accepting users browse a QR code, which changes dynamically.

“With the accretion advance into cryptocurrencies, the alone absolutely safe agency of accepting crypto is to abundance it in a algid accumulator wallet,” said Jiang, the company’s CTO. “Cobo Vault sets a new, groundbreaking accepted for algid accumulator wallets, with the aboriginal absolutely all-around defended accouterments wallet advised for holders that can’t accident accident their investment.”

Does anyone absolutely charge a military-grade or bank-grade accouterments wallet? Share your thoughts in the comments area below.

Images address of Cobo.

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