InfStones, a Palo Alto, CA-based blockchain infrastructure provider, raised $33M in Series B funding.
Backers included Susquehanna International Group (SIG), Dragonfly Capital, Qiming Venture Partners, DHVC, A&T, INCE Capital, and Value Internet Fund. InfStones previously raised $12 million in seed and Series A financing, bringing the company’s total funding to $45 million.
The company intends to use the funds to triple its team from 30 to 90 globally distributed employees over the next year and expand support to more than 100 chains and protocols. Platform advancements and continued technology research and development are also on the agenda, as the provider positions itself as the “AWS of Web3.”
Led by CEO Dr. Zhenwu Shi, InfStones is dedicated to bringing down the barriers to connecting with the blockchain, allowing clients to build their applications on a large variety of blockchain networks. Currently, the company provides services to a wide variety of institutional clients and supports tens of thousands of nodes on more than 50 chains, including Ethereum, Binance Smart Chain, Cardano, Polygon, Polkadot, Solana, Chainlink, and more. Its unified blockchain infrastructure makes it easy for crypto exchanges, wallets, custodians, asset managers, analytics providers, and more to enter the blockchain space and adopt the technology.
In conjunction with the funding, InfStones is launching a front-end user interface that lets clients deploy nodes within minutes. Available starting today are public and dedicated API gateways and node management services, all of which are accessible via a self-service portal. The public API, which allows clients to deploy nodes with the click of a button, is currently available for Binance Smart Chain (BSC), BSC Archival Data, Ethereum, and NEO, with support coming for Cosmos and other chains.
FinSMEs
25/02/2022