Multicoin Capital led a $10 million Series A funding round for Permissionless Labs with participation from Solana Ventures and Solana co-founder Anatoly Yakovenko.
Permissionless Labs is a key member of the Pipe Network, a content delivery network (CDN) on #Solana .
Multicoin Capital led a $10 million Series A round of funding for Permissionless Labs, a key member of the Pipe Network, a content delivery network (CDN) on Solana.
The round also included participation from Robot Ventures, Solana Ventures and Solana co-founder Anatoly Yakovenko.
The new funding will be used to hire employees for marketing and engineering positions, expand the network's point of presence (POP), launch a private #beta and test the network at Solana's annual developer conference, Breakpoint,
', the statement said. The project is currently on a private developer network, the statement said.
Start your day with the most influential events and analysis happening in the digital asset ecosystem.
Permissionless Labs, a developer of solutions for streaming media applications, aims to create a decentralized delivery system for digital content as opposed to existing centralized models.
Pipe Network architecture is designed to accommodate traffic from a major company such as Netflix
Read us at: Compass Investments
