article thumbnail

Alchemy raises $80M at a $505M valuation to be the ‘AWS for blockchain’

TechCrunch

Blockchain developer platform Alchemy announced today it has raised $80 million in a Series B round of funding led by Coatue and Addition, Lee Fixel’s new fund. We realized that in order for space to thrive and build to its full potential, we needed to build a developer platform layer for blockchain,” Viswanathan told TechCrunch.

article thumbnail

‘AWS for blockchain’ Alchemy boosts valuation to $3.5B with $250M raise

TechCrunch

Exactly six months after raising $80 million at a $505 million valuation, blockchain and Web3 development SaaS startup Alchemy has raised $250 million in a Series C funding round that values the company at $3.5 For one, it represents one of a16z’s largest Web3/blockchain investments to date. It launched its offering in August of 2020.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Stanford cryptography researchers are building Espresso, a privacy-focused blockchain

TechCrunch

If blockchain technology is to reach true mass adoption, it will have to become cheaper and more efficient. Low transaction throughput on some of the most popular blockchains, most notably Ethereum, has kept gas fees high and hindered scalability. million funding round last week. . million funding round last week. .

article thumbnail

Athleisure icon Ty Haney raises $9.8M in fresh funding for her blockchain rewards startup

TechCrunch

The startup uses blockchain technology to help brands build customer loyalty without having to rely on buying up pricey ads on third-party social media platforms, Haney explained. Brands use TYB, which is built on the Avalanche blockchain, to build their own on-chain communities of loyal customers, Haney said.

article thumbnail

Which emerging technologies are enterprise companies getting serious about in 2020?

TechCrunch

We conducted the survey at the tail end of Q3 2020. Here are the top five things that fell into the “learning and exploring” cohort, in ranked order: Blockchain. We asked survey respondents to assess a list of 16 technologies, from advanced analytics to quantum computing, and put each one into one of these four buckets.

article thumbnail

FlexID gets Algorand funding to offer self-sovereign IDs to Africa’s unbanked

TechCrunch

Much of the world’s attention around blockchain is on the highs and lows of cryptocurrency values. One of the startups working toward this vision is Zimbabwe’s FlexID, which is building a blockchain-based identity system for those excluded from the banking system due to their lack of identity documents. million in 2020.

article thumbnail

TechCrunch+ roundup: Allocating equity, unicorn traffic jam, blockchain gaming survey

TechCrunch

Unicorn exits augur poorly as Justworks delays IPO, citing ‘market conditions’ Blockchain gaming survey: 7 investors discuss regulation, opportunities and NFT hype. Blockchain gaming survey: 7 investors discuss regulation, opportunities and NFT hype. Despite blockchain gaming’s play-to-earn angle, I prefer to pay.