Leading Tech Companies Join Series C Financing & Former Microsoft Exec Joins Board

Posted by Digital Asset on Feb 4, 2020 9:00:48 AM
  • Salesforce Ventures and Samsung Venture Investment Corp join Series C financing round
  • Former head of Microsoft’s enterprise business, Susan Hauser, appointed to Digital Asset’s Board

New York -- February 4, 2020 -- Digital Asset, the creators of the open source DAML smart contract language, announced today that Salesforce Ventures and Samsung Venture Investment Corp (Samsung) participated in the second closing of the company’s Series C financing round. The initial $35 million closing was announced last December.

Salesforce Ventures and Samsung join other leading technology companies in the latest round of financing. Funds will be used to accelerate the adoption of the DAML smart contract language across multiple industries, expand the number and variety of DAML-enabled partner products and fund new products designed to enhance the DAML developer experience.

The company also announced that Susan Hauser, a 28-year Microsoft veteran and advisor to Digital Asset, has been appointed to the company’s board of directors. Hauser served as Corporate Vice President of Microsoft’s Worldwide Enterprise & Partner Group where she was responsible for the commercial sector, government sector and enterprise partnerships globally, including key vertical industries such as healthcare, education, retail, manufacturing, and financial services.

“Salesforce Ventures and Samsung joining our Series C financing round demonstrates the potential that technology giants see in DAML as the standard for smart contracts. Appointing Susan Hauser to the board will help us capitalize on this vision. She brings us her unparalleled understanding of customer needs and exceptional experience building an enterprise business at Microsoft,” said Yuval Rooz, co-founder and CEO of Digital Asset.

“During my time as an advisor to Digital Asset, I quickly learned how transformative smart contracts could be for a variety of use cases and across industries. We are going to see adoption of smart contracts — and languages like DAML — take-off in the near future. I look forward to
lending my expertise and helping DA expand its go-to-market activities and transform entire industries with DAML, delivering innovation without compromising trust,” said Susan Hauser.

“We strongly believe that Digital Asset’s model to embed DAML in partner platforms fundamentally changes the entire blockchain market,” said a spokesperson from Samsung Venture Investment Corp. “Digital Asset has positioned itself for success in the blockchain space and we are pleased to help it achieve its vision.”

Read full press release >>


Topics: DAML, financing, series c, Samsung, Investors, Salesforce, Susan Hauser

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