SAN DIEGO--(BUSINESS WIRE)--Ciphrex, a leading cryptocurrency and blockchain technology company, has announced that startup expert Eliezer Lombrozo has joined its Board of Advisors. The former IBM technologist, who in the last four decades has built several successful companies from the ground up, brings to the high-tech startup extensive experience in product development, quality assurance, logistics and operations.
“Eliezer brings with him the broad business perspective of an experienced and successful entrepreneur, making him an extremely valuable addition to the company’s leadership team as our business strategy advisor,” said Marisa Vallbona, chief communications officer of Ciphrex. “He has an impressive scope of talent and experience.”
A graduate of MIT, Lombrozo worked at IBM as a systems design engineer and later founded, and co-founded numerous businesses. He is a hands-on executive that has been actively involved in all aspects of business. In particular, he has designed highly automated manufacturing plants and product distribution centers in the consumer electronics space, and is an expert in operational efficiency. He also has devised and implemented state of the art information technology systems.
“The cryptocurrency space is in its infancy with exponential potential for growth and I’m thrilled to be part of it,” said Eliezer Lombrozo. “Ciphrex’s founders complement each other perfectly to make an excellent team and have already invested a significant amount of time and resources developing fundamental tools that may prove to be essential to the success of this emerging technology.”
Ciphrex creates technologies to build the peer-to-peer payment network infrastructure required to securely store and transact in digital assets. The company’s enterprise grade software is based on public-key cryptography and blockchain technology focusing on four key aspects: security, simplicity, speed and scalability. Earlier this year, Ciphrex raised $500,000 in a fully-subscribed Series A stock issue and is on track for a Series B round offering.