Blockchain Infrastructure provider InfStones secured $33 Million in Series B funding


InfStones, a California-based blockchain infrastructure provider, has recently secured $33 million in a Series B funding round.

InfStones was founded by the Dr. Zhenwu Shi. It is dedicated to bringing down the barriers to connecting with the Blockchain, which allows customers to build their applications on a wide range of blockchain networks. As of now, the company offers services to institutional clients and supports lots of nodes on more than 50 chains which include Ethereum, Binance Smart Chain, Cardano, Polygon, Polkadot, Solana, Chainlink, and more.

Executive Opinion

Dr. Zhenwu Shi, CEO of InfStones, said, "With InfStones, we're created the world's most powerful blockchain development platform with robust API features that give developers integration and access to over 50 blockchains out of the box. InfStones gives more cross-chain access than any other platform in the world and includes Ethereum, Binance Smart Chain, Cardano, Polygon, Polkadot, Solana, Chainlink, and many more. . We don't compromise reliability, scalability, or speed despite having one of the world's most easy to use, one-click deployment features.Our goal is to bring the AWS experience to Web3".

Michael Yuan, Partner at SIG, said, "The next phase of blockchain will be focused on ease of use, not only for end-users but also for the builders. InfStones is simplifying a process that has been historically complex, without compromising reliability, security, scalability, and control. This will lead the way for a new era of blockchain growth that will change the way companies across a variety of verticals enter and build in the space".

InfStones' Latest Funding

The round was backed by Dragonfly Capital, Susquehanna International Group (SIG), DHVC, INCE Capital, Qiming Venture, and Value Internet Fund.

Previously the company secured $12 million in seed and Series A funding, which brought the company's total funding to $45 million.

The blockchain company, as of now, has plans to use the new funds to triple its team from 30 to 90 across the globe, distribute employees over the coming few years and expand support to more than 100 protocols and chains, notes the announcement.
PC: Pixabay

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Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

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