Quicknode Raises $60 Million in Series B to ‘Fuel Blockchain Adoption’ and Expand Globally

Web3 infrastructure steadfast Quicknode raised $60 cardinal successful a Series B backing round, according to an announcement the institution made connected Tuesday. The superior injection brings the company’s post-valuation to $800 million, and Quicknode says the funds volition beryllium utilized to “further substance blockchain adoption.”

Quicknode Aims to Streamline Web2 to Web3 Movement With $60 Million successful Series B Funding Led by 10T Holdings

On Jan. 24, 2023, Quicknode revealed it has raised $60 cardinal successful a Series B backing circular led by 10T Holdings. Other participating investors successful the circular included QED, Tiger Global, Alexis Ohanian’s Seven Seven Six, and Protocol Labs. “This latest circular volition beryllium utilized to accelerate the company’s planetary enlargement and further empower the builders laying the groundwork for a decentralized, globally-connected future,” Quicknode’s announcement said.

Quicknode besides raised $35 cardinal successful a Series A successful Oct. 2021. That circular was led by Tiger Global, and Seven Seven Six, Soma Capital, Arrington XRP Capital, Crossbeam, and Anthony Pompliano besides participated. Quicknode claims to grip “billions of blockchain calls regular with 2X faster effect clip than competitors.”

Quicknode competitors see firms similar Kaleido, Alchemy, Blockcypher, Velas, and Infura. The institution elaborate connected Tuesday that the funds volition beryllium utilized to “streamline the Web2 to Web3 question astatine scale.” The institution besides plans to marque caller hires and make Web3 offerings for the Quicknode marketplace. Despite the crypto winter, the institution added that “QuickNode has seen singular maturation implicit the past twelvemonth with its gross increasing much than 300%.”

“At Quicknode, we firmly judge successful Web3 arsenic the aboriginal of the Internet,” Alex Nabutovsky, CEO and co-founder of QuickNode said successful a statement. “Blockchain adoption and improvement proceed to summation year-over-year, and we expect continued momentum successful the space. The manufacture is astir to participate its adjacent era, and with this raise, we are preparing for wide adoption of blockchain exertion successful 2023 and passim the remainder of the decade. We are arrogant to assistance our customers standard to their afloat imaginable and determination the manufacture forward,” Nabutovsky added.

What bash you deliberation astir Quicknode’s latest backing round? Share your thoughts successful the comments below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This nonfiction is for informational purposes only. It is not a nonstop connection oregon solicitation of an connection to bargain oregon sell, oregon a proposal oregon endorsement of immoderate products, services, oregon companies. Bitcoin.com does not supply investment, tax, legal, oregon accounting advice. Neither the institution nor the writer is responsible, straight oregon indirectly, for immoderate harm oregon nonaccomplishment caused oregon alleged to beryllium caused by oregon successful transportation with the usage of oregon reliance connected immoderate content, goods oregon services mentioned successful this article.