- Singapore’s Chainstack secured $6 million to boost Web3 development platform.
- Funding to enhance user experience, automation, and set industry standards.
- Serves over 100,000 Web3 developers with 62% annual billings growth.
Blockchain Builders Assemble!
Headquartered in Singapore, Chainstack has secured a $6 million investment from prominent backers like SBI Ven Capital, Sygnum, Azimut Group, and Unicorn Factory Ventures.
This “Web3 development stack” empowers developers to create, deploy, and scale blockchain applications seamlessly, eliminating infrastructure management headaches.
Stack Attack for Web3 Wizards
Jan-Jaap Jager, Chainstack’s CEO, emphasized the strategic value of the investment, stating, “We’re a profitable company, but to achieve our goals, we wanted to bring strategic partners to the table.”
The funds will drive user interaction enhancements, process automation, and set new benchmarks for performance, reliability, developer support, and cost-efficiency.
Already a force to reckon with, Chainstack partners with over 25 public blockchains and serves over 100,000 Web3 developers.
Handling a staggering 100 billion requests monthly with 99.99% uptime, the company’s annual net billings have grown by an impressive 62% on average over the last two years, further solidifying its position in the Web3 realm.
To read the original article: https://www.techinasia.com/chainstack-secures-6m-for-advancing-web3-services
