Funding Rounds

eigenlayer-powered-aligned-layer-raises-$20m-to-make-zk-proofs-faster,-cheaper-on-ethereum
Posted by | April 25, 2024
EigenLayer-Powered Aligned Layer Raises $20M to Make ZK Proofs Faster, Cheaper on Ethereum

Aligned Layer aims to help engineers avoid bottlenecks when proving their code. The $20 million Series A was led by Hack VC. Aligned Layer is an EigenLayer "actively validated service"...

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crypto-vc-firm-polychain-tops-up-ai-platform-ritual’s-$25m-funding-round-with-‘multimillion-dollar’-investment
Posted by | April 8, 2024
Crypto VC Firm Polychain Tops Up AI Platform Ritual’s $25M Funding Round With ‘Multimillion Dollar’ Investment

Polychain made an undisclosed investment in Ritual, referring to it as a "multimillion dollar" amount. Ritual raised $25 million in November to address the centralized nature of artificial intelligence systems....

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avail,-an-ethereum-data-network-to-rival-celestia,-raises-$27m-in-seed-round
Posted by | February 26, 2024
Avail, an Ethereum Data Network to Rival Celestia, Raises $27M In Seed Round

Avail, among a handful of new "data availability" blockchain projects designed to handle transaction data produced by the increasingly sprawling networks, announced on Monday a $27 million fundraising led by...

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Posted by | January 23, 2024
Ethereum Interoperability Hub Polymer Raises $23M Series A Funding From Marquee Investors

Polymer Labs has raised $23 million in Series A funding to advance the building of its Ethereum-based interoperability hub. The funding round was co-led by Blockchain Capital, Maven 11, and...

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Posted by | January 19, 2024
‘One-Stop Station’ Digital Identity Service Root Protocol Raises $10M Seed Funding

Root Protocol, a digital identity service aiming to unify access to Web3 platforms, has raised $10 million across two seed rounds. The funding rounds, which gave Root a $100 million...

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Posted by | December 7, 2023
Bitcoin Project Babylon Raises $18M to Bolster Development of Staking Protocol

Bitcoin-focused project Babylon raised $18 million in an investment round led by Polychain Capital and Hack VC. Babylon is a marketplace offering bitcoin (BTC) as a staking asset, allowing proof-of-stake...

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Posted by | November 30, 2023
Decentralized Infrastructure Provider Grove Raises $7.9M

Decentralized physical infrastructure (DePIN) provider Grove, previously named Pocket Network Inc., has raised $7.9 million from Fidelity-affiliated Avon Ventures, Placeholder Capital and Druid Ventures. Grove will use the funding to...

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Posted by | November 29, 2023
Digital Asset Platform Coinchange Raises $10M to Scale API Yield Service

Digital asset platform Coinchange has raised $10 million in Series B funding to scale its API-based yield service for bitcoin (BTC), ether (ETH) and major stablecoins. The round was led...

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bitcoin-focused-ordinals-project-taproot-wizards-raises-$7.5m-in-seed-round
Posted by | November 16, 2023
Bitcoin-Focused Ordinals Project Taproot Wizards Raises $7.5M in Seed Round

Taproot Wizards, a Bitcoin-focused Ordinals project, raised $7.5 million in seed funding to try and "make bitcoin magical again." The investment round was led by crypto-focused venture capital firm Standard...

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artificial-intelligence-platform-ritual-looks-to-‘decentralize-access-to-ai’-with-$25m-backing
Posted by | November 8, 2023
Artificial Intelligence Platform Ritual Looks to ‘Decentralize Access to AI’ With $25M Backing

Artificial intelligence (AI) platform Ritual has raised $25 million, led by Archetype and with participation from Accomplice and Robot Ventures, to address the centralized nature of the AI revolution that...

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