Ciphrex Adds Advisor, Kicks Off Series B Funding

San Diego-based Ciphrex, a startup developing a Bitcoin and payment network technology, said today that it has added Bitcoin law expert Peter Townshend to its advisory board, to help kick off a Series B funding round. The company said Townshend is a partner at Perkins Coie LLP. Ciphrex did not say how much it is looking to raise in its Series B. The company had raised $500K in a Series A funding back in January.