21 Inc. raises $116 million in funding

21 Inc., a Silicon Valley startup, has recently announced that it has raised a record $116 million in funding in order to unveil its blockchain technology applications.

The funding took a year and a half; however, it is not clear whether the funding came in single or multiple rounds. Either way the amount is the biggest ever, especially for a company in the digital space. 

"There will be several interesting developments over the next weeks and months" Chief Executive and co-founder Matthew Pauker said "Bitcoin is going to change the way that people and businesses and even machines interact with each other. But for bitcoin to realize that vision we need mass adoption. It can't just be for Silicon Valley."