Today Coinbase announced it is acquiring Israeli startup Unbound Security. The company is known for its expertise in secure MultiParty Computation (MPC). When it comes to digital asset custody and keys, MPC is frequently used to split a key into fragments, making it safer to keep keys online rather than needing to use cold storage.
Coinbase didn’t disclose the acquisition price and said the company additionally provides it with a presence in Israel.
The acquisition comes a year after the company raised a $20 million Series B round of funding led by Evolution Equity Partners and included existing investors Goldman Sachs and Citi, amongst others. According to crunchbase, the company raised a total of $35 million.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
