SendBlocks Raises $8.2M in Seed Funding


SendBloks, a Tel Aviv, Israel-based startup in blockchain data management, raised $8.2M in Seed funding.

Backers were not disclosed.

The company intends to use the funds to expand operations and its development efforts.

Led by CEO Itay Shrem, and CTO Michael Kellner, SendBlocks aims to reduce backend and indexing efforts for blockchain developers while maintaining flexibility and robustness by consolidating the conventional indexer/RPC process into a single, user-friendly platform. It helps developers save billions of API queries, resulting in leaner data teams, regardless of the underlying blockchain.

Existing clients (that can be disclosed) include Bancor and SphereX who have already benefited from SendBlocks’ solutions, experiencing streamlined operations and cost savings. With more blockchains emerging, it is positioning itself to become the leading data management platform.