Partnership to promote blockchain development, jobs in Mexico and beyond
Augmate, the New York City-based developer of a distributed ledger-based IoT device management platform, has partnered with Maximilian Ventures to promote blockchain and distributed ledger technology development in Mexico and throughout Latin America.
According to a press release, the partnership will focus on investment, infrastructure and job creation related to blockchain and distributed ledger technologies in Mexico — beginning with the Augmate Connect platform for IoT devices.
The effort will bring together schools, businesses and investors in Mexico to lay the groundwork for expanding hubs of qualified workers and thought leaders, the partners said.
"We are excited to be working with Max [Fernandez] and his team to help drive his vision for improving prosperity through technology in Mexico and beyond," Augmate CEO Pete Wassell said in the release. "Augmate has a global workforce, and recognizes the impact that technology advances bring to local, national and international collaboration."
Dana Farbo, Chief Operating Officer at Augmate, will co-lead the effort with Dave Martinez, founder of Martinez Ventures and a partner in Maximilian Ventures. Martinez and Maximiliano Fernandez will join Augmate as advisors.
Augmate was founded in 2014 as a B2B enterprise company specializing in wearable devices. Investors include William Hickey, UPS Ventures, Simon Property Group, Tim Draper, Siemens Venture Capital, Rothenberg Ventures and others.