Ciphrex Gets $500K For Bitcoin Wallet

San Diego-based Ciphrex announced this morning that it has raised $500,000 in a Series A round, for the company's Bitcoin wallet software. Ciphrex--which was founded by Enrique and Eric Lombrozo, says it is developing a multisignature, Bitcoin wallet application aimed at both individuals and for application development in the enterprise. The company said the funds will go towards advancing, promoting, and expanding its line of products. Source of the funding was not announced. More information »