Blockchain Applications Development startup Tatum raises $41.5M in funding

Tatum, a blockchain applications development startup, has recently secured $41.5 million in funding.

Tatum is founded by Jiri Kobelka. It provides a blockchain development platform to speed up the creation of blockchain applications and enable quality and functionality.

The platform simplifies the creation of complex blockchain operations into single lines of application code, streamlining the entire web 3.0 development process, from common blockchain operations to ones with pre-built features such as fees, smart contracts, and payment solutions, real-time alerts, virtual accounts, out of the box crypto exchange functions and a key management system. The framework incorporates 42 different protocols and integrates the use of APIs to fit into existing development processes.

Samuel Sramko, co-founder and chief technology officer Tatum, said, "By speeding the development process, Tatum is enabling companies to bring finished blockchain applications into production with an immensely faster time to market. The role of blockchain to Web 3.0 and its future cannot be understated, and Tatum is fundamentally changing not only the velocity of development but also the robustness, so that more complex functionality can be more readily accomplished even without the highly technical expertise."

Jiri Kobelka, co-founder and chief executive officer, Tatum, said, "Blockchain has proven essential to the explosive growth and broad innovation of digital finance and Web 3.0. Tatum is the first company to squarely address the complexities, necessary technological expertise and lengthy development times that blockchain applications require. We have revolutionized blockchain application creation by slashing development times from months or years of engineering time down to just days."

The round was backed by Octopus, Evolution Equity Partners, Depo Ventures, Tensor Ventures, 3VC, Circle, and LeadBlock Fund.

The blockchain startup as of now, has plans to use the new funds to accelerate marketing, community-building efforts, and educational efforts.