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InfStones Raises $66M in Funding Round Led by SoftBank
Summary: InfStones, a web3 infrastructure provider, announced Wednesday they closed a $66 million round led by SoftBank, Vision 2 and GGV Capital. This comes three months after a $33 million Series B funding round which brings their total funding to $111 million. Other investors in the most recent round include INCE Capital, 10T Fund, SNZ Holding ...
InfStones, a web3 infrastructure provider, announced Wednesday they closed a $66 million round led by SoftBank, Vision 2 and GGV Capital. This comes three months after a $33 million Series B funding round which brings their total funding to $111 million.
Other investors in the most recent round include INCE Capital, 10T Fund, SNZ Holding and A&T Capital.
The funding will further allow the California-based company to continue their product development, tap into new markets, expand their team and advance web3 adoption.
The company’s CEO, Zhenwu Shi, envisions InfStones to be the web3 equivalent of Amazon but in terms of onboarding clients into the web3 world, so they can easily create applications on whichever blockchain they choose.
In other words, InfStones wants to lower the barrier of entry into the web3 space, by designing an infrastructure where their clients can succeed in making web3 applications.
InfStones was founded in 2018 and is a staking and infrastructure platform that provides services for institutional clients on over 50 different blockchains including Ethereum, Polygon, Solana, Polkadot and more.
Author: Tyler Irvin
Tags: InfStones,Softbank
Link: InfStones Raises $66M in Funding Round Led by SoftBank [Copy]
