Coinbase, the white-hot cryptocurrency exchange, is bringing on more engineering talent to help it continue to capitalize on the crypto boom.
The company has announced that it’s bringing on the engineering team from Memo.AI, a two-year-old startup that built a Slackbot for helping technical teams manage notes and instructions.
The small SF startup announced yesterday that it will be shutting down its service on March 16 and that it won’t be accepting any sign-ups in the meantime.
In a blog post, co-founder Mircea Pașoi admitted that the company failed to “succeed in finding product/market fit and building a sustainable business.” Users will have until the service shuts down to export their data while active paying teams will be refunded.
“We decided to join Coinbase because we’re super excited about the company’s mission of building an open financial system,” Pașoi wrote.
SV Angel, Bloomberg Beta, Version One Ventures and Instagram Product Head Kevin Weil were among the startup’s investors.