• Blockchain development firm QuickNode has just completed a Series B funding round of $60 million, led by venture capital firm 10T Holdings.
• The funding round has raised more than $105 million in total and has hit a valuation of $800 million.
• The company plans to use the funding to expand its team and spread its tentacles across the world.
Blockchain development firm QuickNode has recently announced the successful completion of a Series B funding round of $60 million. The round, led by venture capital firm 10T Holdings, has hit a valuation of $800 million and has raised more than $105 million in total.
The additional funds are set to be used for the expansion of QuickNode’s team and to spread its tentacles across the world. The company seeks to stay abreast of the situation and be prepared for the massive enterprise that lies ahead.
With the successful funding round, QuickNode looks to continue its mission to provide secure, reliable, and cost-efficient blockchain infrastructure for developers, enterprises, and institutions. The firm is already providing its services to customers from all over the world, including the United States, South Korea, and Japan.
QuickNode’s CEO and co-founder Alex Nabutovsky expressed his excitement over the successful funding round. He said that the company had earlier raised $35 million in a Series A round some 15 months earlier and that the recent funding is a testament to the trust placed in the firm.
“We’re thrilled to be working with the world-class investors we have on board and are committed to continuing to deliver the most secure, reliable, and cost-efficient blockchain infrastructure on the market,” said Nabutovsky.
The firm’s services are designed to provide users with an easy and secure way to interact with the Ethereum blockchain. It also offers an array of services such as node hosting, transaction monitoring, and analytics.
QuickNode is also planning to launch its own blockchain infrastructure platform, which will enable developers and institutions to build their own blockchains. The platform will provide the necessary tools to build, deploy, and manage distributed ledger applications.
With the successful completion of the Series B funding round, QuickNode looks set to continue its mission of providing secure, reliable, and cost-efficient blockchain infrastructure for developers, enterprises, and institutions. The company plans to utilize the funds raised to further expand its team and reach more customers from all over the world.