EMURGO Ventures, Cardano’s business investment arm, announces strategic investment and partnership in Oort

New York, NY, USA, May 3, 2023 - EMURGO Ventures, the business investment arm of Cardano, participated in Oort's latest strategic funding round, and Cardano has entered into a strategic partnership with Oort.

This strategic round of financing will allow Oort to grow its research and development team and launch a global marketing campaign to increase brand awareness. This investment also demonstrates EMURGO Ventures' firm confidence in Oort and its optimism for a bright future.

“The Oort and Cardano ecosystems share a common tradition of scientific ideas, with both teams emphasizing a research-led approach to building our products. Cardano has one of the largest crypto ecosystems in the world, and they are at the forefront of Web3 scalability, interoperability, Ambitious goals in terms of operability and sustainability are closely aligned with Oort's philosophy in the field of decentralized infrastructure construction. At Oort, we highly value peer review and cooperation between academic scientists and developers to ensure that all our development All have been rigorously reviewed and evaluated,” shared Dr. Max Li, Founder and CEO of Oort.

Oort's technology is built on an open source protocol, which is closely connected with EMURGO's philosophy of supporting and promoting the entire blockchain ecosystem. More importantly, Oort Data Cloud's solution can also breathe new life into EMURGO's existing portfolio.

"We are passionate about working with Oort as we believe their technology has the potential to revolutionize the Web3 space,"said Ken Kodama, founder and managing partner of EMURGO Ventures."image description"

Oort CTO Dr. Sean Yang (middle); EMURGO Ventures Founder & Managing Partner Ken Kodama (right)

With its unique storage and data access methods, Oort is expected to be a disruptor of the entire Web3 ecosystem. The platform's innovative technology enables developers to easily build decentralized applications with data storage and sharing functions, enabling decentralized and secure data access. This brings new possibilities for Web3 applications in many fields such as finance, games, and social media.

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About EMURGO Ventures

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About

Oort is a fully decentralized data cloud that offers unparalleled privacy, reliability and cost-efficiency. Oort's vision is to make it easy for every user to understand, manage, and use their own data, making natural language the only tool users need to interact with data. Oort is a leader in the Web3 data cloud field, combining data management with artificial intelligence technology, and is the leader in distributed data infrastructure through its enterprise-level product performance. Oort's core technology has been endorsed by US patents and academic publications, and has established strong partnerships with more than 40 projects/companies and more than 20 famous American universities (such as Harvard, MIT, University of Chicago, etc.) or customer relations. More detailshttps://www.oortech.com。