The technology that BitGo has built, and what they're productizing into a broad services company, the way that BitGo works, is that they issue 3 keys. And you need 2 of those keys to unlock funds. Think of it like co-signing at a bank, you need 2 signatures by the principals of the company, or nuclear missile keys, you need 2 keys at the same time.
BitGo believes that Bitcoin is money, and since that it is money, it's really important to protect it. Who can use it? Consumers can use it who are making investments in Bitcoin, merchants can use it who are accepting Bitcoin as payments and want to store funds in their own accounts and financial services companies can use it if they're building out a hedge fund or trading platform around Bitcoin.
BitGo was founded in 2013.
In January 2014, the company partnered with CoinJolt allowing users to buy, sell and invest in digital assets instantly with zero fees. The partnership secured insurance covering the value of Bitcoin stored on their servers and launched the vault system for secure Bitcoin investments and storage.
That's where the BitGo.com and CoinJolt partnership comes in, an investment platform specifically catering to cryptocurrency investors. What does the partnership mean? It means greater security in Bitcoin trading and will enable both companies to provide multi-signature blockchain based custodial services for USD and Bitcoin swaps, executed on CoinJolt's trading platform and this unveils the first zero fee digital currency exchange and did you know, that CoinJolt price index is the only global benchmark for accurate digital asset pricing?
This collaboration will CoinJolt to become the industry's first and only player to enable its clients to have hot and cold wallet storage built into each of their investment accounts. Now that market participants can now trade with the confidence of knowing the required collateral is in place which serves to create a safe and sound investment management platform and marketplace.
These are really great innovations in security for Bitcoin, this is the first time the block chain is serving as the collateral repository for an investment management company worth tens of billions of dollars.
On June 16, 2014, BitGo raised $12M led by Redpoint Ventures. 
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