PANews, May 21: According to The Block, Bitcoin hardware wallet provider Foundation has completed a $6.4 million new funding round led by Fulgur Ventures, with participation from Arche Capital and others. The funds will be used to expand from Bitcoin self-custody wallets into areas such as identity, multi-factor authentication, and AI agent authorization. This round brings Foundation’s total funding to $16.5 million; the company’s valuation and round structure were not disclosed. Foundation also announced that its flagship device, Passport Prime, is now available for sale to all users, integrating a Bitcoin hardware wallet, FIDO security key, 2FA storage, a secrets vault, and 50GB of encrypted storage, emphasizing “human authorization” through dedicated hardware.
Bitcoin hardware wallet maker Foundation raises $6.4M in new funding round
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Summary
Bitcoin hardware wallet maker Foundation has raised $6.4 million in a new funding round, according to project funding news. The round was led by Fulgur Ventures, with Arche Capital also participating. The funding will support the company’s expansion into identity solutions, multi-factor authentication, and AI agent authorization. Total funding now amounts to $16.5 million. Foundation also announced the general availability of its Passport Prime device, which integrates a Bitcoin wallet, FIDO key, 2FA storage, and encrypted data storage. This Bitcoin news underscores the company’s increasing role in the self-custody space.
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