MachineFi Lab Raised $10M in Seed Round at $100M Valuation Co-led by Samsung Next and Others

MachineFi Lab, which was launched by the team behind IoT blockchain platform IoTeX, announced that it has raised $10m in seed round co-led by Samsung Next, Draper Dragon Fund and Jump Capital, with participation from Hashkey Capital, IOSG and others. The round valued MachineFi Lab at $100 million. The fund raised will go toward platform development, hiring and potentially the incubation of early-stage projects building on the platform.