NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

BTC Startup Raises $116M with Qualcomm Ventures as Key Investor

Yashu Gola
Yashu Gola
4 years ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Silicon valley based Bitcoin startup 21 Inc. recently admitted to have raised a whopping $116 million in venture funding.

Bitcoin startup 21 inc funding raised

In the past one year and a half, 21 was secretly collecting small chunks of funds from investors like Andreessen Horowitz , Khosla Ventures, and several other firms. The company’s CEO and co-fonder Matthew Pauker also revealed eBay cofounder Jeff Skoll, PayPal cofounders Max Levchin and Peter Thiel and Expedia CEO Data Khosrowhahi as one of the 21 Inc.’s investors.

However, the name of one investor that surprised the entire community was Qualcomm Ventures — a renowned investment vertical of American global semiconductor company Qualcomm Incorporated. As known to most of the techies, the company designs and distributes wireless communications products and services. In his interview to the Wall Street Journal, Pauker further recognized the importance of Qualcomm’s involvement into their “secretive” project.

What is Bitcoin Startup Actually Cooking?

The aforesaid partnership therefore has started a series of speculations that 21 is planning to integrate the Bitcoin technology into the Qualcomm’s area of expertise. “That’s the idea,” read WSJ, “that a myriad of smart, Internet-connected appliances will in the future communicate with servers, networks and each other to optimize their operation, maintenance and energy usage without direct human involvement.”

There is also speculations that 21 is helping Qualcomm to develop built-in Bitcoin wallets for the smartphones. The latter currently manufactures and supplies the Snapdragon processors to a various of mobile companies like Sony, Samsung, and others.

At best, it is clear that 21 is not yet another investment fund, or exchange for the Wall Street fellas. The focus here is indeed on utilizing Bitcoin technology for the next generation, decentralized appliances. Earlier, IBM and Samsung also announced to experiment with ADEPT — a Bitcoin blockchain based project that will help electric appliances interact with each other without requiring human intervention.

From the look of it, 21 and Qualcomm are cooking something similar in their new $116m worth lab.

Vacancy Here

21 Inc. meanwhile is looking for worthy candidates to fill in some important new positions in their company. Check out the jobs here.

Tweet123Share196ShareSend
Yashu Gola
Yashu Gola

Yashu Gola

Yashu Gola is a Mumbai-based finance journalist. He is profoundly active in the bitcoin space since 2014 – and has contributed to several cryptocurrency media outlets, including NewsBTC, FxDailyReport, Bitcoinist, and CCN.

Read more

Academically, Yashu holds a bachelor's in information technology, with majors in data structures and C++ programming language. He has also won the 'Atulya Award' for his efforts towards raising $100,000 for an India-based farming project.

Close

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin Price Respects Support Zone

Bitcoin Price Respects Support Zone — Bulls Eye Fresh Rally

Bitcoin price remained supported above the $107,500 zone. BTC is now recovering losses and might aim for a move above...

Aayush Jindal 2 hours ago

Snorter 募資達 160 萬 打造更聰明的迷因幣量化機器人

全新原生於 Telegram 的交易機器人項目Snorter Token (SNORT) 已在預售階段成功募資 160 萬美元,全程不靠過度炒作或虛假承諾。 Snorter 不賣幻想,它提供的是交易真...

estherw 3 hours ago
Ethereum Turns Key Resistance Into Support – Momentum Builds For Range Breakout

Ethereum Turns Key Resistance Into Support – Momentum Builds For Range Breakout

Ethereum is consolidating above the $2,500 mark, showing resilience amid broader market uncertainty. While bulls have successfully flipped $2,500 from...

Sebastian Villafuerte 5 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin Absorbs Strong Selling Pressure On Binance Derivatives – Breakout Ahead?

Ash Tiwari 18 minutes ago
ビットコイン23万ドル予測、注目の仮想通貨プレセールにも期待高まる

Фьючерсы на биткоин восстанавливаются, но сигналы Price Action вызывают опасения

lisachaikina 47 minutes ago
Bitcoin

Bitcoin Bull Flag Breakout Confirmed — What Happens Next?

Sandra White 1 hour ago

Premium Sponsors

Press Releases

  • 🚀CRYPTO MINING FIRM launches an APP cloud mining...

    3 hours ago
  • Felpörgő alternatív kriptovaluta a Dogecoin (DOGE) helyett – 650 dollárból 65 000 dollár lehet 4 hónap alatt

    Felpörgő alternatív kriptovaluta a Dogecoin (DOGE)...

    10 hours ago
  • 3 figyelemre méltó altcoin 2025. júliusának első hetében

    3 figyelemre méltó altcoin 2025. júliusának első...

    12 hours ago
  • Oblíbená alternativa Dogecoinu (DOGE), která z 650 USD udělá 65 000 USD za 4 měsíce

    Oblíbená alternativa Dogecoinu (DOGE), která z 650 USD...

    13 hours ago
  • 3 altcoiny, které sledovat v prvním týdnu července 2025

    3 altcoiny, které sledovat v prvním týdnu července 2025

    14 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.