Anchorage emerges with $17M from a16z for ‘omnimetric’ crypto security

I’m not allowed to tell you exactly how Anchorage keeps rich institutions from being robbed of their cryptocurrency, but the off-the-record demo was damn impressive. Judging by the $17 million Series A this security startup raised last year led by Andreessen Horowitz and joined by Khosla Ventures, Max Levchin, Elad Gil, Mark McCombe of Blackrock, and AngelList’s Naval Ravikant, I’m not the only one who thinks so. In fact crypto funds like Andreessen’s a16zcrypto, Paradigm, and Electric Capital are already using it.

They’re trusting in the guys who engineered Square’s first encrypted card reader and Docker’s security protocols. “It’s less about us choosing this space and more about this space choosing us. If you look our backgrounds and you look at the problem, it’s like the universe handed us on a silver platter the venn diagram of our skillset” co-founder Diogo Monica tells me.

Today, Anchorage is coming out of stealth and launching its cryptocurrency custody service to the public. Anchorage holds and safeguards crypto assets for institutions like hedge funds and venture firms, and only allows transactions verified by an array of biometrics, behavioral analysis, and human reviewers. And since it doesn’t use “buried in the backyard” cold …read more

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Watch a New Trailer for ‘Heaven’s Vault’ from Inkle Studios Right Here Ahead of Its Release Later This Year

There are a few developers who manage to put out quality games consistently and for me, inkle Studios is exactly that. I’ve been a fan since the Sorcery! games and was pretty blown away by their fantastic 80 Days. It has been two years since they revealed a new project. This ended up being Heaven’s Vault which is an archaeological adventure game that is coming ot PC, Consoles, and iOS. The initial trailer for it showcased how ambitious the project was at the time. Watch it below:

I wasn’t joking about it being more ambitious than other inkle projects. It is open world as well and you join Aliya Elasra with her sidekick (who is a robot) exploring Nebula. There are loads of ruins and even a full hieroglyphic language with puzzles and progression is non linear. I can’t wait to get into it on iPad. Watch the new trailer revealed for it today below:

If you’re interested in finding out more about the game, check out the official website for Heaven’s Vault. I hope the mobile release isn’t too long after the PS4 …read more

Groww, an investment app for millennials in India, raises $6.2M

Groww, a startup hoping to make saving and investment opportunities more widely available to young people in India, has closed a $6.2 million Series A to grow its business.

Founded in 2017, the Bengaluru-based company was part of Y Combinator in the U.S. last year and it went on to raise a $1.6 million “pre-Series A” round in June of last year. Groww was started by four ex-Flipkart staffers — Lalit Keshre, Harsh Jain, Neeraj Singh and Ishan Bansal — who realized how difficult investing in India is, particularly among young people.

This new money is led by Sequoia India with participation from Y Combinator, Propel Venture Partners and Kauffman Fellows. The company also counts Singapore’s Insignia Ventures Partners, Lightbridge Partners and Kairos among its backers.

Groww lets its users invest in mutual funds, including systematic investment planning (SIP) and equity-linked savings scheme. It claims over one million registered users, most of whom are aged under 40 and mobile-first, according to the company. Currently on Android only, it offers over 5,000 mutual funds which can be invested in directly from its app.

Keshre, who is Groww’s CEO and previously led <a target="_blank" rel="nofollow" …read more