Encrypted data protocol Golden completes $40 million Series B financing led by a16z

According to The Block, Golden, an encryption company that uses Web3 tools to build data protocols, completed a $40 million Series B round of financing led by a16z, Solana co-founder Raj Gokal, Dropbox co-founder Arash Ferdowsi, Postmates founder Bastian Lehmann And Muse lead singer Matt Bellamy and others participated in the vote. The new funding will be used to build a Web3 data platform, bringing the company’s total funding to date to $60 million. The platform is currently in the test network stage and is expected to launch the main network in the second quarter of 2023. Ali Yahya, a16z general partner, will also join the board, alongside current board member and a16z co-founder Marc Andreessen, the company said.