Tag: funding

MetaMask security partner Blockaid secures $33M funding

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Blockaid, a blockchain security startup and partner of the MetaMask cryptocurrency wallet, has secured $33 million funding to scale its technology designed to stop malicious transactions. The Series A funding round for Blockaid was led by major industry venture capital firms, including Coinbase investor Ribbit Capital and the early-stage VC firm Variant. Other funding members included Sequoia Capital, Cyberstarts and Greylock Partners. Announcing the news on Oct. 23, Blockaid also said its security platform is coming out of stealth with its inaugural customers like MetaMask, the OpenSea marketplace, the Rainbow…

Chinese AI Startup Zhipu Secures $342M in Funding from Alibaba, Tencent

Zhipu and Baichuan are the two leading startups involved in China’s push for using generative artificial intelligence competing with Google and OpenAI. Amid the buzzing AI market, Chinese AI startup Zhipu announced that it has secured $342 million (or 2.5 billion yuan) in funding from Chinese tech giants Alibaba Group Holding Ltd (NYSE: BABA) and Tencent Holdings Ltd (HKG: 0700). HongShan, the former Sequoia China along with food delivery leader Meituan joined the recent funding round. China’s top two tech giants, along with key competitors such as Ant Group and…

Crypto Funding for Hamas, Terrorist Groups Overstated

Reports of tens of millions of dollars in crypto going to fund Palestinian operations in Israel are likely “overstated,” Chainalysis said. The forensics outfit published a blog post arguing that flows of crypto financing to Hamas and affiliated groups have become inflated far beyond reality. While acknowledging that it was crucial to stop any financing of terror through crypto, Chainalysis said it was also important to understand how such funding actually works, lest it lead to misconceptions. Source

OKX Ventures Invests in Celestia Lab’s Series B Funding for Modular Blockchain Development

OKX Ventures, the venture capital subsidiary of notable cryptocurrency exchange and Web3 technology firm OKX, declared its involvement in the Series B funding phase of Celestia Lab today. Celestia stands as the pioneering modular blockchain network which allows developers to utilize its platform as a foundational layer for consensus and data processes. Post this, developers have the liberty to select a virtual machine, such as Ethereum, Solana, or zero-knowledge roll-ups among other compatible smart contract execution layers, to create and launch their distinct blockchain networks. This notion diverges from the…

Galaxy Digital Leads $4M Strategic Funding for Parsec Finance to Revolutionize DeFi Transparency

With crucial funding secured, Parsec Finance also launched its cutting-edge institutional-focused product that aims to help provide unparalleled data to easily discover DeFi opportunities. Parsec Finance, an analytics platform focused on providing deep transparency in the nascent DeFi and NFT markets, announced a successful closure of a strategic funding round with about $4 million. According to the announcement, the Parsec Finance strategic funding was led by Galaxy Digital with key participation from Uniswap, Robot Ventures, CMT Digital, Will Price, Rice Maximalist, and Freddie Farmer, among many others. The funds are…

Global crypto venture funding hits lowest level since 2020

According to research firm PitchBook data, venture capitalists invested $2 billion in crypto during Q3, 2023. Venture capitalists seem to slow down their investments in the crypto market as global crypto funding during the third quarter of 2023 hit the lowest level over the past few years. In Q3, investors around the globe put only $2 billion in crypto projects, representing a 63% decline from the same period in 2022, Bloomberg reports, referring to data from PitchBook. Global crypto venture funding | Source: PitchBook As noted by PitchBook analyst Robert…

Crypto Venture Funding Hits Low in Q3 2023

While early-stage crypto companies may still find willing investors, late-stage tech investors have largely exited the space. The crypto industry, which once thrived on investor exuberance and rapid growth, has recently hit a rough patch as venture funding for crypto startups in the third quarter of this year plunged to its lowest level since 2020. According to data from research firm PitchBook, Venture Capitalists (VCs) invested just $2 billion in crypto space during the quarter, marking a staggering 63% decline from the same period in the previous year. The Decline…

Stars Arena secures funding to plug hole following exploit

Avalanche-based decentralized social media protocol Stars Arena received funding to cover up a loss from an earlier hack that caused the project to lose nearly $3 million.  Stars Arena announced the news in a social media update. While the platform does not mention the source of the funding, the announcement says that the smart contract will be reopened with all funds intact after a full audit.  A white hat development team will review the incident, Stars Arena confirmed. Important news: we have secured the resources to close the gap caused…