Blockdaemon Raises $155M in Series B Funding

blockdaemon

Blockdaemon, a New York-based blockchain node infrastructure platform, raised $155M in Series B funding with a valuation of $1.255 billion.

The round was led by SoftBank Vision Fund 2, with participation from Matrix Capital Management, Sapphire Ventures, and Morgan Creek Digital.

The company intends to use the funds to hire talent in Singapore, Japan, the UK and Germany and to make strategic acquisitions to build out its tech stack.

Led by Konstantin Richter, CEO and Founder, Blockdaemon provides a blockchain node infrastructure to stake, scale, and deploy nodes with institutional-grade security and monitoring. Supporting 40+ blockchain networks including ETH 2.0, Bitcoin, Solana, Terra, Cardano, Polkadot, Cosmos, SKALE, MobileCoin, and the Lightning Network in the cloud and on bare metal servers globally through the Blockdaemon Marketplace, it is used by exchanges, custodians, crypto platforms, financial institutions and developers to connect commercial stakeholders to blockchains.

Over the last 90 days, Blockdaemon has accelerated its growth and increased its managed node count from 8,000 to 18,000, more than doubling its operational footprint.

The company also launched over 10,000 ETH 2.0 validators, has averaged more than $10 billion in staked assets and expanded to 70 points of presence globally in cloud regions and data centers. Blockdaemon also added multiple layers of risk mitigation with regional and data center diversification over the past year and put into place an insurance guarantee for its customers.

FinSMEs

22/09/2021