Inco announced the completion of a $5 million strategic financing round led by CSX, a subsidiary of a16z crypto.

Wusuo has learned that Inco announced the completion of a $5 million strategic financing round led by CSX under a16z crypto, with participation from Coinbase Ventures, 1kx, Orange DAO, South Park Commons, and Script Capital. Inco aims to address blockchain privacy issues by providing encryption tools that support existing blockchains, enabling developers to build applications with data confidentiality using familiar programming languages.