Theta Labs announced that DHVC has become Theta Network’s ninth enterprise validator and governance council member. Previously joined companies include Google, Samsung, Sony, CAA, Binance, Blockchain Ventures, gumi, and a group of private institutional investors including Sierra Ventures, Heuristic Capital, Venture Reality Fund and GFR Fund.
The firm is based in Palo Alto, California and manages more than $500 mln in companies in the artificial intelligence, cryptography and biotechnology sectors. DHVC has a long history of supporting Theta Labs. In 2017, DHVC led a Series A equity funding round and participated in a private token sale.
Ali FARAHANCHI, Managing Director at DHVC said:
“We’re thrilled to expand our support for Theta as an enterprise validator and governance council member, taking a direct role in securing its blockchain.”
He also noted that Theta has made tremendous progress since DHVC led the Series A equity funding round in 2017. 100x growth is now expected as the protocol transforms the media and entertainment industry with blockchain and decentralized technology.
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