2 years ago
Blockchain infrastructure supplier InfStones, which aims to service arsenic a flexible Amazon Web Services–like level for Web 3 development, has closed a $33 cardinal Series B backing circular from a radical of investors that included Susquehanna International Group (SIG) and Dragonfly Capital. No valuation was provided, with the circular bringing the company’s full backing up to $45 million.
Other investors successful the circular included Qiming Venture Partners, DHVC, A&T and Value Internet Fund.
Founded successful 2018 with offices successful Beijing, the United States and Canada, InfStones plans to usage the backing to grow operations successful Asia, Europe and South America. The institution volition besides triple its squad from 30 to 90 employees implicit the adjacent year, and grow enactment to much than 100 blockchains and protocols, up from much than 50 currently.
InfStones has been profitable since 2018, CEO Zhenwu Shi told CoinDesk successful an interview. The intent of the fundraising is to physique retired the ecosystem and web of collaborators. Current InfStones customers see crypto speech Binance and analytics steadfast Dune Analytics.
The InfStones level provides casual entree to protocol statement and proof-of-stake staking benefits. Users tin tally validator nodes, entree on-chain information and physique decentralized applications crossed aggregate chains. The platform-as-a-service supports tens of thousands of nodes connected blockchains including BNB Chain, Cardano, Chainlink, Ethereum, Polkadot, Polygon and Solana.
“A batch of blockchains privation to go much decentralized, which requires much radical to motorboat a node successful their ecosystem. But those radical don’t person a exertion inheritance and don’t cognize however to support those nodes,” said Shi. “Using our product, they tin precise easy motorboat and enactment successful the blockchain network.”
InfStones has besides launched a caller front-end idiosyncratic interface that lets clients easy deploy nodes wrong minutes. The nationalist exertion programming interface (API) tin deploy nodes for BNB Chain, BSC Archival Data, Ethereum, and NEO with enactment for Cosmos and different chains coming soon.
“Just arsenic AWS has made it casual for companies to deploy applications crossed servers, storage, and databases, InfStones is making it elemental to deploy nodes, APIs, and different services,” said Dragonfly Capital Partner Tom Schmidt successful a property release. “Their level helps trim the barriers to introduction for caller companies that are looking to incorporated blockchain exertion into their stack.”
Other firms vying for the aforesaid crown are besides raising lofty sums. Both Blockdaemon and Alchemy person raised hundreds of millions of dollars successful caller weeks.
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