Bitcoin IoT startup Filament raises $9.5 million in new funding

Blockchain Internet of Things startup Filament has raised nearly $9.5 million in a new round of funding, according to a filing with the U.S. Securities and Exchange Commission (SEC).

The filing states that the Nevada-based company has raised $9,477,226 to date, less than two years after the startup raised a $5 million Series A round from Bullpen Capital, Verizon Ventures, and Samsung Ventures.

The filing further suggests that Filament is attempting to raise additional funding, though its ultimate fundraising goal has not yet been disclosed.

According to another filing from January 2016, the startup raised $775,000 at the time, suggesting that the majority of this new funding was raised in the past 12 months.

A representative of Filament said in an interview with reporters that this round of financing is expected to be closed at the end of February, and the company will soon announce more details of this financing.

It is reported that Allison Clift-Jennings, co-founder and CEO of Filament, told the media after the Series A financing that the startup is using the Bitcoin blockchain to establish unique identifiers for specific devices.