South Africa’s Blockchain Startup Custos Raises More Funds to Fight Piracy

Custos Media Technology, a Bitcoin bounty startup has raised $420,000 in a recent funding round. Read more…
Custos Media Technologies, a South African company which fights piracy using Bitcoin and blockchain technology, has recently announced a successful fundraising round of $420,000.
South Africa’s Technology Innovation Agency (TIA) is the investor in Custos’ latest fundraising round. A prominent startup news media outlet reports that the company will be receiving the raised amount over the next two years. This is the third funding round, amounting to a total of $850,000 till date.
Custos Media Technologies is founded by a group of researchers from the Stellenbosch University. They have developed a technology that embeds Bitcoin bounties into copyright protected videos and movies. The embedded Bitcoin bounty can be claimed using a special tool by downloaders.

This post was published at NewsBTC on August 26, 2016.