Oasis Labs, a Berkeley, CA-based privacy-first, high-performance cloud computing platform on blockchain, raised $45m in funding.
Backers included a16zcrypto, Accel, Binance, DCVC (Data Collective), Electric Capital, Foundation Capital, Gaorong, Metastable, Pantera, Polychain, Fred Ehrsam, co-founder of Coinbase, etc.
The company will use the funds to continue to develop its platform.
Led by Dr. Dawn Song, CEO, Raymond Cheng, co-founder and CTO, Oasis Labs is designing a platform to overcome performance, security and privacy limitations that have hampered blockchain adoption to date by bringing privacy and security protections previously not possible on a blockchain and delivering processing capabilities that have greater performance than existing systems, even for complex applications.
The company is now accepting developers to apply for access to their private testnet.