ABO Digital commits $10 million to Kalima, an IoT Blockchain Company

Kalima, a French-based blockchain company specializing in IoT (Internet of Things) and data, has secured a substantial investment of $10 million from ABO Digital, a private alternative funding investment group headquartered in the Bahamas and Dubai. This collaboration marks a significant milestone for Kalima as it aims to revolutionize industries and drive digital transformation.

Kalima is an emerging ecosystem that empowers enterprises, developers, and startups to build innovative Web3 Enterprise and Data Governance applications, with a specific focus on leveraging IoT data to solve real-world challenges. Functioning as a layer 1 third-generation blockchain, Kalima enables users to independently govern, manage, and monetize data, develop decentralized applications (dApps), and establish smart-rewarding systems through its decentralized network of permissioned blockchains (PrivaChains).

The $10 million funding commitment from ABO Digital will play a crucial role in advancing Kalima’s IoT solutions. With a vision to deploy these solutions on a global scale, Kalima plans to utilize the funds to drive further innovation and refinement. The company aims to strengthen its blockchain-based IoT solution for industrial firms and developers while fostering strategic partnerships within the IoT and Blockchain ecosystem.

André Legendre, the CEO of Kalima Blockchain, expressed his enthusiasm regarding the partnership: “This funding commitment from ABO Digital marks a significant milestone for Kalima Blockchain, which plans on using the funds to further innovate and refine our IoT solutions, which have the potential to revolutionize industries and drive digital transformation. This commitment from ABO Digital will enable Kalima to enhance our IoT blockchain solution for industrial companies and developers, which is ready to be deployed at a global scale, and bolster strategic partnerships within the IoT and Blockchain ecosystem.”

Amine Nedjai, CEO of ABO Digital, also expressed excitement about the collaboration, stating, “We are delighted to collaborate with the Kalima team going forward. Kalima’s innovative approach and expertise in Web3 Enterprise and Data Governance applications align perfectly with our commitment to driving technological advancements in enterprise blockchain solutions. This partnership enables us to leverage alternative funding avenues and support the growth of Kalima’s groundbreaking initiatives.”