According to Foresight News, cross-chain infrastructure solution Squid has completed a $4 million strategic funding round led by Polychain Capital. Other participants in the round included Nomad Capital, North Island Ventures, Maelstrom, Chorus One, The Department of XYZ, Breed, Binary Builders, Typhon Ventures, Distributed Global, Fabric Ventures, Node Capital, and Chapter One. The funds raised will be used to expand the team and provide support for chains in the EVM and Cosmos ecosystems, as well as other chains.
In addition, the Squid team is working on integrating with more interoperability networks and plans to bring Squid to more blockchain ecosystems beyond Ethereum and Cosmos.
