Start up on .TECH Domain receives $6.7 million in Funding

 

Radix's .TECH sees another big win in 2016

 

DUBAI, United Arab Emirates, March 31st, 2016 -- Radix, Registry operator of .tech and 8+ other new TLDs like .online, .store etc. announced that a start-up using a premium .tech domain, raised $6.7 million in funding last week.

The domain blue.tech was privately brokered for an undisclosed amount earlier this year & is being used by a United States based start-up . The company using blue.tech works in conjunction with research labs & top investors to kick start and fund new innovations. First announced on dngeek.com, blue.tech is the only new TLD that featured in the list of the top start-ups funded last week.

In 2016, Blue.tech comes as a second big win for .tech, as it quickly gains popularity on the startup scene. Earlier this year in February, the winners of the Launch Hackathon ( in San Francisco) also used a .tech domain for their project - betagig.tech. The start-up was the official winner of the Launch Hackathon and took home $250,000 as an investment from the event organizers.

The TLD has also seen usage from popular & leading brands like CTA (the organizers of CES),Microsoft, Baidu . CTA showed off its brand new URL cta.tech at SXSW, Microsoft is using the premium domain rewards.tech for its tech rewards program that helps developers hone their tech and programming skills. Baidu has secured its brand baidu.tech and points to its .com URL.

Suman Das, Category Manager for .TECH at Radix said "Usage and Adoption have been the key focus for .TECH since inception. The extension continues to woo innovators, early adopters and strikes a chord with the tech community. We love innovation and are thrilled to have BlueDot (blue.tech) join the .TECH Community"

.tech has been actively working its way into the tech community and creating brand visibility through hackathons and tradeshows. Radix has already partnered with 20+ universities & organized hackathons in the first quarter with the eventual goal of making .TECH the de-facto TLD for the tech and start up community.

The .tech zone stands at 89,000+ domain names at the time of this release & it is also featured as one of the most used new gTLDs


About Radix:

Radix (Radix FZC) is a portfolio Registry for new domain extensions and has secured registry rights to .website, .press, .host, .space, .site, .tech, .online and .store. It is also in contention for several other new domain extensions including .web. Radix is Asia's largest new gTLD applicant, playing a substantial role in the global diversification of the Internet namespace.