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Blockchain infrastructure provider InfStones has announced the raising of $66 million in a new round of funding. It was headed by SoftBank through Vision Fund 2 and GGV Capital.
Ince Capital, 10T Fund, SNZ Holding and A&T Capital took part in the round.
The team will direct the raised funds to the expansion and scaling of the project. In particular, the supplier plans to increase the staff, enter new markets and conclude new partnership agreements.
“Our vision is to provide a robust and easy-to-use Web 3.0 environment to create a more transparent and intelligent world. We intend to promote the rapid and global adoption of decentralized applications,” said the firm’s CEO, Zhenwu Shi.
In February 2021, InfStones raised $33 million in a Series B round. Total funding since the company’s inception has exceeded $100 million, according to a press release.
InfStones operates on a platform-as-a-service (PaaS) basis. The infrastructure is built on the basis of artificial intelligence, and among the company’s customers are Binance, Coinlist, BitGo, OKX, Chainlink, Polygon and others.
Recall, analysts at Morgan Stanley called the activity of venture investors high, despite the deep correction of the market.
Earlier, JPMorgan expressed the opinion that the crypto winter will be short-lived due to the influx of venture capital into the industry.
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