Stillmark has so far raised $40 million, specifically for investing in startups that utilize Bitcoin and the Lightning network.
Stillmark said that its first fund was oversubscribed twice-over.
Prior to Google X, Singh spent five years at Heal, a Series D stage healthtech company that utilizes AI and deep learning, which he joined at seed stage.
In an interview with CoinDesk, Singh called Bitcoin a “moonshot” technology that’s a fundamental evolution of financial technology which levels the playing field for many people.
Singh wants Bitcoin to be a “stable base layer for people to be their own bank and be independent.”
Compared to other cryptos it’s a “clear winner in the race for money over the internet,” he said.
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