PayPal acquires Israeli Curv for close to $ 200 million – PayPal has announced that it will acquire Israeli startup Curv; The deal is valued at about $ 200 million.
Payments giant PayPal has announced it will acquire startup company Curv, which specializes in encryption technology for digital assets. Curv was founded in 2018 by the entrepreneurs Itai Melinger and Dan Yellin, who serves as CEO – both graduates of the Talpiot program and the defense system. The company was also established as part of the team8 project.
The company has developed encryption technology based on multi-player computing. The company secures digital assets and allows digital assets to be transferred and stored on any blockchain or distributed log (DLT). In addition, Curv has developed a solution
This is the third exit of the team8 group, in 2018 it sold Signia to the Singaporean company Tamask for about $ 250 million, and in 2020 it made another exit when it sold the Fortress to Lasico for about $ 100 million. Curv alone has raised about $ 30 million to date from CommerzVentures Coinbase Ventures, Digital Currency Group, Team8 and Digital Garage Lab Fund. Jump Capital and more.
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