Syndica Raises $8M in Seed Funding


Syndica, a Houston, TX-based Web 3.0 blockchain infrastructure company focused on the Solana ecosystem, completed an $8m Seed financing.

The round was co-led by Social Capital, Jump Capital, and Kindred Ventures, with participation from Alameda Research, Solana Ventures, CoinShares, 0x Labs, DeFiance Capital, Spartan Group, MGNR, Resolute VC, Untamed Ventures, Ryan Selkis of Messari, Joe McCann, and other angels.

The company intends to use the funds to continue to expand operations and business reach.

Led by CEO Ahmad Abbasi and his co-founder brother Danial Abbasi, Syndica is a Web 3.0 developer infrastructure company focusing on providing cloud-like infrastructure and advanced developer tooling and APIs to the Solana ecosystem.

The company provides this missing middle layer via “RPC nodes” that sit between the blockchain and decentralized applications (or DApps), allowing them to read and write data to the blockchain. In addition to RPC node scalability, Syndica has a suite of features like advanced logging, audience and RPC usage analytics, and more that will provide developers with the tools and APIs they need to build products.