Sonaverse, an Irvine, CA-based provider of a crypto data infrastructure platform, raised $7M in Seed funding.
The round was led by BlockTower Capital with participation from United Overseas Bank, Aglaé Ventures, Third Prime Ventures, Ocular Funds, Aptos, FBG, and FJ Labs.
The company intends to use the funds to further accelerate product development and drive global institutional adoption of the platform.
Led by CEO and Founder Patrick Kim, Sonarverse provides an on-chain data infrastructure consolidating, normalizing, and delivering standardized data spanning all major blockchains and DeFi platforms to customers. It offers curated, reliable datasets for more than 30 chains by leveraging Snowflake’s big data technology to provide a seamless and limitless data sharing experience, eliminating the need for financial institutions and related enterprises to spin up and work with nodes, clean and curate data or build and maintain APIs. Additionally, Sonarvers’s data visualization platform provides clear insights into wallet activities, token volume, and other key on-chain metrics for Ethereum, Solana, Binance, Polygon, Bitcoin, Celo, Gnosis and Fanton, among many other chains, empowering users to derive actionable intelligence from blockchain data quickly and efficiently.
Commenting on the news, Patrick Kim said: “With our state-of-the-art data infrastructure powered by Snowflake, Sonarverse is not just participating in the digital asset space; we are actively shaping its future, offering institutional grade infrastructure that promises to redefine how financial institutions engage with and invest in blockchain technology.”
FinSMEs
07/03/2024