Turnkey raises $12.5 million in round backed by Circle Ventures and Sequoia Capital

CoinDesk·

Turnkey raises $12.5 million in round backed by Circle Ventures and Sequoia Capital

60-second summary

Turnkey is raising $12.5 million in a funding round backed by Circle Ventures and Sequoia Capital to develop and launch Turnkey Verifiable Cloud, a secure computing product for digital assets. This strategic investment will enable Turnkey to expand its offerings and enhance the security of its cloud-based services, catering to the growing demand for secure digital asset management.

The new capital will primarily fund the development and public launch of Turnkey Verifiable Cloud, a secure computing product for digital assets.