Blockchain Company Simba Chain Received $30M Funding Increase From US Air Force

The USAF has granted Simba Chain the increase as part of its aims of "identifying and advancing technologies that have the potential to secure its future dominance."

AccessTimeIconFeb 1, 2023 at 9:46 a.m. UTC
Updated May 9, 2023 at 4:07 a.m. UTC

Indiana-based blockchain firm Simba Chain, which has worked with the U.S. military on various projects in recent years, has received a $30 million increase in funding.

The U.S. Air Force (USAF) has granted Simba Chain a $30 million strategic funding increase (STRATFI) as part of its aims of "identifying and advancing technologies that have the potential to secure its future dominance," according to an announcement on Tuesday.

Simba Chain received $1.5 million from the USAF in 2020 to research and develop a blockchain for supply chain logistics in the USAF. The following year, it received another $1.5 million to work on something similar for the U.S. Navy.

The $30 million STRATFI therefore demonstrates a substantial increase in investment into Simba Chain, possibly reflecting the growing potential the U.S. military sees in blockchain technology to secure supply chains for weaponry and other equipment.

CORRECTION (Feb. 7, 16:10 UTC): Corrects spelling of company name in headline.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Jamie Crawley

Jamie Crawley is a CoinDesk news reporter based in London.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.

Read more about