Kirobo, a startup firm based in Tel Aviv, has obtained an investment from the Solana LATAM fund. The Solana LATAM fund is the local affiliate for the Solana foundation.
The amount of investment made by the Solana LATAM fund has not been disclosed. Nevertheless, the initiative brings the startup closer to achieving major growth, given that Solana is one of the leading blockchains.
Speaking on this investment, the co-founder and CEO of Kirobo, Asaf Naif, stated, “Solana is one of the world’s foremost blockchain companies, so receiving strategic investment from them is yet another signal that we’re moving in the right direction.”
In May, Kirobo had secured a $5 million funding from DigiCrypts Blockchain Solutions (DigiMax). This is a company dealing in artificial intelligence and offers a variety of solutions related to cryptocurrencies.
The partnership with the Solana LATAM foundation will enable Kirobo to gain a strong foothold in the LATAM region and open it up to new opportunities and partners. Additionally, the investment will aid the firm in its future endeavours.
Kirobo’s native token
The manager and CFO of BRZ Solana Fund, Carlos Russo, also commented on this investment, noting that “adding KIRO to our portfolio was a strategic move because we are supporting the future development of Kirobo’s solution in the Solana ecosystem.”
KIRO is the native token for the Kirobo ecosystem. The token was recently listed on MEXC Global, one of the leading altcoin exchanges. Several decentralized exchanges and one other centralized exchange have already listed the token.
Regarding this listing, the CEO of Kirobo stated that ”MEXC Global is a highly-respected and popular exchange. We expect the word KIRO to become synonymous with DeFi services as the years progress, and listings like this will only help our network grow.” The token further notes that it expects KIRO to be listed on more exchanges in the coming months.
The startup is already making major moves with its blockchain product. Recently, it unveiled an on-chain crypto wallet. The purpose of this wallet was to enable integration with DeFi services, thus exposing the Kirobo ecosystem to the DeFi sector.