Web3 infrastructure agency Quicknode raised $60 million in a Sequence B funding spherical, in keeping with an announcement the corporate made on Tuesday. The capital injection brings the corporate’s post-valuation to $800 million, and Quicknode says the funds will likely be used to “additional gasoline blockchain adoption.”

Quicknode Goals to Streamline Web2 to Web3 Motion With $60 Million in Sequence B Funding Led by 10T Holdings

On Jan. 24, 2023, Quicknode revealed it has raised $60 million in a Sequence B funding spherical led by 10T Holdings. Different taking part traders in the spherical included QED, Tiger International, Alexis Ohanian’s Seven Seven Six, and Protocol Labs. “This newest spherical will likely be used to speed up the corporate’s world enlargement and additional empower the builders laying the groundwork for a decentralized, globally-connected future,” Quicknode’s announcement stated.

Quicknode additionally raised $35 million in a Sequence A in Oct. 2021. That spherical was led by Tiger International, and Seven Seven Six, Soma Capital, Arrington XRP Capital, Crossbeam, and Anthony Pompliano additionally participated. Quicknode claims to deal with “billions of blockchain calls each day with 2X quicker response time than opponents.”

Quicknode opponents embrace corporations like Kaleido, Alchemy, Blockcypher, Velas, and Infura. The corporate detailed on Tuesday that the funds will likely be used to “streamline the Web2 to Web3 motion at scale.” The corporate additionally plans to make new hires and develop Web3 choices for the Quicknode market. Regardless of the crypto winter, the corporate added that “QuickNode has seen outstanding development over the previous yr with its income rising greater than 300%.”

“At Quicknode, we firmly imagine in Web3 as the way forward for the Web,” Alex Nabutovsky, CEO and co-founder of QuickNode stated in an announcement. “Blockchain adoption and improvement proceed to extend year-over-year, and we count on continued momentum in the house. The business is about to enter its subsequent period, and with this increase, we’re making ready for mass adoption of blockchain expertise in 2023 and all through the remainder of the last decade. We’re proud to assist our clients scale to their full potential and transfer the business ahead,” Nabutovsky added.

What do you concentrate on Quicknode’s newest funding spherical? Share your ideas in the feedback under.

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