Home Blockchain Blockdaemon raises $28M in Series A funding to scale enterprise blockchain infrastructure

Blockdaemon raises $28M in Series A funding to scale enterprise blockchain infrastructure

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Blockdaemon Inc., a distributed ledger blockchain infrastructure node administration startup, at present introduced it closed a $28 million Collection A funding spherical led by Greenspring Associates.

The funding spherical was joined by cryptocurrency lender BlockFi Lending LLC, Goldman Sachs, Warburg Serres, Uphold Inc., Voyager Digital Ltd., Illuminate Monetary and Arduous Yaka.

“This funding represents a big milestone for Blockdaemon,” Konstantin Richter, chief government and founding father of Blockdaemon, mentioned. “This spherical will allow us to additional broaden our node infrastructure companies, add to our rising group, and strengthen our presence in rising markets throughout the globe.”

Up to now yr, Blockdaemon has considerably elevated its group’s headcount and appointed Cecily Mak as its chief working officer and Demetrios Skalkotos as international senior vp of gross sales.

Blockdaemon gives blockchain node administration infrastructure to scale and deploy nodes with safety and monitoring each within the cloud and on-premises. It’s designed to permit companies and organizations of any measurement to roll out their very own blockchains and function nodes, which retailer and protect blockchain information.

Node infrastructure and monitoring, and its attendant well being and scalability help, is vital to exchanges, custodians, crypto platforms, monetary establishments and builders to attach apps, customers and extra to blockchains.

“Because the trusted gateway to the blockchain trade for monetary establishments of all sizes, Blockdaemon simplifies the difficult, time-consuming and expensive node administration course of by offering enterprises with the best-fit node configurations that permit them to quickly scale up operations,” mentioned Richter.

The corporate’s infrastructure helps over 40 cutting-edge blockchain networks together with Ethereum, Bitcoin, Cardano, Polkadot, Cosmos, SKALE, MobileCoin and the Lightning Community within the cloud and on-premise.

Over the previous yr, Blockdaemon has deployed greater than 10,000 nodes throughout 40 blockchain networks and 20 international areas.

“Blockdaemon has demonstrated that enterprises want a easy method to construct safe blockchain infrastructure,” mentioned Hunter Somerville, basic associate of Greenspring Associates.

Picture: Pixabay, Blockdaemon

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