Vybe Network Raises $10.5M USD in Series A Funding

Vybe Network

Vybe Network, a Vancouver, BC-based provider of a data infrastructure solution for the Solana community, raised $10.5M in Series A funding.

The round was led by FTX with participation from Sino Global, Staking Facilities, Serum, Panony, Tess Ventures, Contango, Canonical Crypto Fund and EBT Group.

The company intends to use the funds to aid in the decentralization of data access and storage, allowing any user – regardless of background or proficiency – to participate in the network, monetize and share their data, power innovative dApps and gain insights into favored Solana protocols.

Led by CEO Arun Dass, Vybe supports teams on Solana that are developing DeFi and Web3 dApps and provides the infrastructure allowing live and historical data to be queried and analyzed so that meaningful insights and metrics can be extracted from protocols. The company helps build user-friendly and accessible applications and supports Web3 and DeFi projects with permissionless and transparent data, allowing anyone to access and benefit from on-chain data.