InfStones Raises $33M in Series B Funding

InfStones Raises $33M in Series B Funding

Blockchain infrastructure company InfStones solana 33m series, situated in Palo Alto, California, secured $33M in Series B funding.

Susquehanna International Group (SIG), Dragonfly Capital, Qiming Venture Partners, DHVC, A&T, INCE Capital, and Value Internet Fund were among the investors who supported the project. A total of $45 million has been invested in InfStones, including $12 million in seed and Series A financing.

Over the course of the following year, the company plans to use the cash to grow its staff from 30 to 90 geographically dispersed individuals and increase support for more than 100 chains and protocols. The company portrays itself as the “AWS of Web3,” and further platform development and technology research are on the horizon.

InfStones, led by CEO Dr. Zhenwu Shi, is committed to lowering the obstacles to utilising the blockchain by enabling clients to develop their applications on a wide range of blockchain networks. The company currently supports tens of thousands of nodes on more than 50 chains, including Ethereum, Binance Smart Chain, Cardano, Polygon, Polkadot, Solana, Chainlink, and others, and offers services to a wide range of institutional clients. Crypto exchanges, wallets, custodians, asset managers, analytics providers, and more can easily enter and adopt the blockchain market thanks to its unified blockchain architecture.

InfStones is launching a front-end user interface in connection with the investment that enables clients to deploy nodes in only a few minutes. Public and dedicated API gateways, as well as node management services, are all now accessible through a self-service site. The public API, which enables users to deploy nodes with a single click, is presently supported by Cosmos and other chains in addition to Ethereum, NEO, BSC Archival Data, and Binance Smart Chain (BSC).

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