Foundation raises $7M to return ‘sovereignty’ to a chaotic crypto world


Source: techcrunch.com techcrunch.com

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Hot on the heels of Ledger announcing it’s working with iPod creator Tony Fadell to create its newest hardware wallet, competing hardware wallet startup Foundation Devices announced it has raised a $7 million seed round to double down on its “sovereign computing platform,” which it says is empowering its users to “reclaim their digital sovereignty.” The company’s main product, Passport, costs $260 and looks like a mid-2000s Vertu luxury phone, but is, in fact, a hardware crypto wallet built with security and a mobile-first approach in mind. “The entire cryptocurrency space is built on a foundation of open source. It...