BlockDemon, the leading independent blockchain infrastructure platform, has announced that it has closed the বি 155 million Series B funding round, valued at 25 1.255 billion, making it the world’s largest blockchain infrastructure company for node management and stacking.
This series B was led by Softbank Vision Fund 2, which was joined by Matrix Capital Management, Sapphire Ventures and Morgan Creek Digital. The news follows a series A round of 28 28 million in June 2021, as well as previous strategic investments, bringing the total down to 190 190 million.
Current investors have increased their investments as part of Boldstart Ventures, Goldman Sachs, Greenspring Associates, Coinfund, Kinetic, Kraken Ventures, Borderless Capital and Lera Hippo B Round.
In the last 90 days alone, BlockDemon has significantly accelerated its growth and increased the number of nodes it operates from 8,000 to 18,000, more than doubling its operational footprint.
Recent rounds will help BlockDemon expand the company internationally to bring world-class talent to Singapore, Japan, the United Kingdom and Germany. In addition, the new capital will allow the company to make strategic acquisitions to build its already strong tech stack.
For this next step in the strategy, BlockDemon plans to deepen its infrastructure capabilities to bridge protocol access through the API, increase the organization’s financial reporting capabilities, and facilitate integration for the next step in the blockchain ecosystem.
“This latest massive influx of capital is another major milestone for the blockchain and will ensure that we continue to revitalize existing financial infrastructure worldwide. We will accelerate the facilitation of integrating traditional and traditional banking into the crypto ecosystem, committed to the future of decentralized financial infrastructure. As the regulations become more defined, Softbank’s power advocates and Masa’s experience are important. We are deeply grateful for the financial, technical and VC support of the Titans, who made this latest round possible. ”
– Constantine Richter, CEO and founder of BlockDemon
As a cornerstone of the blockchain industry, blockchain enables participants to transact, share, and earn through nodes in a simple interface with institutional-grade security, scalability, and reliability.
Currently, BlockDemon supports 40+ blockchain networks, including ETH 2.0, Bitcoin, Solana, Terra, Cardano, Polcdot, Cosmos, Skale, Mobilecoin and Cloud Lightning Networks, and on the bare metal server worldwide through the BlockDamon Marketplace.
With an ecosystem-first mentality, blockchain provides the institutional backbone of transactions and the production capacity for millions of registered users across several large exchanges, custodians, investors and financial institutions.
Over the past year, the company has seen an incredible 70x increase in traction valuations, a 20x increase in revenue and a 5x increase in headcount. In addition, the company has launched more than 10,000 ETH 2.0 verifiers, owned more than 10 10 million in accumulated assets and increased its presence in the cloud region and data center to 70 points. BlockDemon has combined multiple levels of risk mitigation with regional and data center diversity over the past year and added insurance guarantees for customers.