Monday, May 27, 2024

QuickNode, a crypto startup, raises $35 million

QuickNode, a crypto startup that specializes in providing blockchain infrastructure, recently raised $35 million in a Series A funding round. Tiger Global led the funding round, which also saw participation from the likes of Soma Capital, Anthony Pompliano, Crossbeam, Arrington XRP Capital, and Seven Seven Six.

The company had previously raised $5.3 million in a March 2021 seeding round. Thanks to these funding rounds and other strategic investments, QuickNode has managed to raise capital worth $45 million.

QuickNode is one of the best blockchain infrastructure platforms for software engineers and companies in terms of efficiency. Typically, setting up and integrating with blockchain infrastructure is an expensive and time-consuming affair. However, QuickNode’s services make the process happen in a matter of minutes.

The new funding is set to help the company expand its services, which will benefit all involved in the crypto market. New chain support has been added by the company at a rapid pace of almost 1 every month through 2021.

As more and more companies are adopting blockchain tech, the demand for the services and products offered by QuickNode has skyrocketed. The company currently caters to a whopping 2 billion requests every day, and its presence in more than 15 regions across 4 continents speaks volumes of its growth. The total number of requests that the company serves in a month is well over 70 biliion.

The highlights of QuickNode’s offerings are its low-latency, high-performance, globally available accessibility to blockchain infrastructure. QuickNode currently supports ten blockchains – Bitcoin, Ethereum, Solana, Binance Smart Chain, Matic/Polygon, xDai, Fantom, Celo, Terra, and Optimistic Ethereum.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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