Bitcoin hardware wallet manufacturer Foundation completes $6.4 million funding round, led by Fulgur Ventures

On May 21, according to The Block, Bitcoin hardware wallet manufacturer Foundation completed a new round of financing of US$6.4 million, led by Fulgur Ventures with participation from Arche Capital and others. The funds will be used to expand from Bitcoin self-custody wallets to scenarios such as identity, multi-factor authentication, and AI agent authorization. This round of financing brings the company's cumulative financing to US$16.5 million, with valuation and round structure undisclosed. 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, confidential information vault, and 50GB of encrypted storage, emphasizing "human authorization" through dedicated hardware. Additionally, the company is expanding the scope of its KeyOS developer platform and plans to launch the KeyOS app store by the end of the second quarter, with Cake Wallet among the first partners.