CoinVoice has recently learned that the Bitcoin protocol layer Surge announced the completion of a $1.8 million Pre-Seed round of financing, with participation from Autonomy, Gerstenbrot Capital, Double Peak Group, Sats Ventures, Vamient Capital, Samara AG, and angel investors including Movement Labs' Rushi Manche, Coingecko co-founder Bobby Ong and TM Lee.
The new funds will fuel the development of its MetaLayer to realize Bitcoinâs full potential as the base layer of global currency.
It is reported that Surge plans to launch its testnet soon.
According to RootData, Surge is a modular Rollup as a Service (RaaS) platform for the Bitcoin ecosystem. Surge provides a platform for launching high-performance, customizable, general or application-specific Rollups on Bitcoin, greatly shortening their time to market. [Original link]