Chainstack, a leading global Web3 infrastructure provider, has announced a significant strategic investment from a consortium of investors including SBI Ven Capital, Sygnum, Azimut Group, Unicorn Factory Ventures, and Ventech Ventures. This infusion of capital is set to drive substantial advancements in Chainstack’s product offerings, with a particular emphasis on enhancing core features, user experience, and automation capabilities.

Within a mere two and a half years, Chainstack has evolved from an ambitious startup to a profitable global enterprise, carving out a niche as a key player in the dynamic Web3 landscape. The company’s rapid ascent has not only placed it among the top three Web3 infrastructure providers but also underscored the strength of its platform, its dedication to quality, and the trust it has earned from the developer community.

Chainstack’s comprehensive suite of services includes integrations with over 25 public blockchains, four appchain frameworks, four consortium protocols, and partnerships with all major cloud providers. Catering to over 100,000 Web3 developers, Chainstack ensures that they are equipped with the necessary tools to innovate and scale their projects freely. This commitment cements Chainstack’s crucial role in driving the future of blockchain technology, empowering developers to explore new frontiers and craft groundbreaking applications.

Strategically distributed across 12 regions, Chainstack’s operations are tailored to match the geographic spread of its user base. This strategic positioning enables the company to efficiently process over 100 billion requests monthly while maintaining an exceptional uptime of 99.99%+. Such reliability and performance are vital for developers creating DApps on the platform, guaranteeing uninterrupted operation and superior user experiences.

Looking beyond mere infrastructure, Chainstack is deeply invested in improving user interfaces and automating workflows. The team is dedicated to establishing new benchmarks for performance, reliability, cost-effectiveness, and developer support. The recent capital raise not only celebrates Chainstack’s historical successes but also paves the way for future breakthroughs.

This fresh wave of investment is anticipated to trigger revolutionary shifts in the global utilization of blockchain technologies, heralding a new era of innovation within the Web3 domain. Chainstack is poised not merely to participate in the future of blockchain but to significantly influence its trajectory.

Kevin Low, SVP at SBI Ven Capital, lauded Chainstack’s efforts, stating, “Chainstack’s exceptional ability to simplify blockchain infrastructure for both Asia and the global market is setting new standards for the industry.”

The investment will be strategically allocated to bolster Chainstack’s core product offerings and reinforce its reputation as a reliable, foundational blockchain infrastructure provider. The focus will be on refining and expanding the essential functionalities that have established Chainstack as an industry leader.

These initiatives reflect Chainstack’s dedication to constructing a robust and intuitive platform that not only meets but anticipates user requirements.

Anton Vasilev, Managing Partner at Unicorn Factory Ventures, expressed confidence in Chainstack’s vision, remarking, “As a fund deeply rooted in Web3, we recognize Chainstack’s potential to revolutionize decentralized technology. Chainstack’s infrastructure solutions are poised to drive unprecedented growth and innovation for the industry.”

As the Web3 landscape brims with fresh capital and growth prospects, Chainstack’s team remains optimistic about these developments, recognizing their potential to amplify their customers’ success and, consequently, their own expansion. With this exciting new chapter underway, Chainstack extends an invitation to join them in redefining the digital asset infrastructure of the future.

Jan-Jaap Jager, CEO of Chainstack, commented on the milestone, “This investment confirms our position as a sustainable Web3 infrastructure leader. Looking ahead, we’re energized to continue our mission to simplify blockchain technology for builders worldwide, driven by customer feedback and our commitment to an exceptional developer experience. We also foresee a significant shift in the blockchain infrastructure market towards commoditization, which we believe will lead to improved price performance and enhanced accessibility, greatly benefiting users and developers.”

In summary, Chainstack’s recent strategic investments mark a pivotal shift towards enhancing performance and reducing costs in Web3 infrastructure. The capital will primarily focus on refining Chainstack’s core functionalities, boosting system efficiencies, and optimizing operational costs. These strategic endeavors aim to achieve the dual objectives of maintaining high performance and progressively reducing prices, delivering superior value to Chainstack’s extensive user base and reinforcing its leadership in the blockchain infrastructure market.

As Chainstack drives these innovations, it is set to redefine the future landscape of blockchain technology, ensuring that it remains at the forefront and accessible to developers worldwide.

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