ConsenSys acquires Ethereum startup Truffle Suite

ConsenSys, the Ethereum-focused company, has acquired the Truffle Suite startup. Financial terms of the deal were not disclosed.

Today, @trufflesuite joined ConsenSys! With more than 8.5 million downloads, Truffle has long been an ecosystem favorite for new and experienced developers seeking the tools to expedite the smart contract and front end app development process. https://t.co/jyzaKXD6nN

— ConsenSys (@Consensys) November 17, 2020

Truffle Suite develops tools for building decentralized applications (dapps). The startup previously operated with support from the ConsenSys incubator, and in April 2019 it raised $3 million in funding.

ConsenSys positions the acquisition as part of a restructuring plan that began last year.

“The acquisition marks the completion of ConsenSys’s strategic restructuring, with the formation of two separate entities and the separation of our core technology business from investment activities,” said company representatives. “Truffle will now be wholly owned by ConsenSys, the software-producing company that includes Codefi, Diligence, MetaMask, Infura and Quorum.”

Earlier, ConsenSys entered into a partnership with Protocol Labs, the developer behind the decentralized data storage platform Filecoin.

ConsenSys will participate in CBDC testing with Societe Generale.

Follow ForkLog news on Facebook!