Chainstack Raises $6 Million In Funding Round

According to Odaily, Chainstack, a Web3 infrastructure company, has successfully raised $6 million in funding. The round saw participation from SBI Ven Capital, Sygnum, Azimut Group, and Unicorn Factory Ventures. Chainstack provides tools and services that enable developers to create, deploy, and scale blockchain applications without the need to manage underlying infrastructure.

The company has collaborated with over 25 public chains and serves more than 100,000 Web3 developers. Chainstack claims to process over 100 billion requests per month, with an uptime of over 99.99%. The funding will likely be used to further enhance its services and expand its reach in the blockchain application development sector.