Singapore’s Consentium, Mars Blockchain invest 7-digit sum in Beowulf

Singapore-developed chat application Consentium and Mars Blockchain, a price-stable digital currency, have invested a seven-digit-dollar sum in Beowulf, a decentralised cloud network for telecommunications, according to a release.

Beowulf enables businesses to provide communication features without the typical barriers associated with call centers.

Consentium is a messaging app that allows users to earn cryptocurrency for engagement. It has raised a total of $42 million from the ICO route to date. Consentium’s Halo app will use Beowulf’s technology on the backend side.

Mars Blockchain’s shareholders include Singapore’s network of technology companies, Taiwan’s technology listed companies and other well-known equity investment fund companies.

“We are grateful to have Consentium and Mars Blockchain, two of Asia’s leading blockchain companies, backing Beowulf as we roll out our technology platform,” said Dr. William H. Nguyen, founder, Beowulf.

“Our infrastructure is blockchain, but our applications will be focused on real businesses and consumers. Beowulf, with the support of our amazing partners, will be able to completely disrupt the enterprise communications industry by providing a faster, better, and lower cost product to end users,” he added.

Recently, the company announced the launch of QUICKOM, a customizable and private QR code called service. The application is an inbound communication service that utilizes QR code technology to function.

Consentium raised a total of $20 million after its latest round of private sale last April. The proceeds include the $10 million it had raised in March 2018.

 

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.