VC Roundup: Funding surge targets confidentiality, tokenization and Web3 infrastructure
Crypto markets showed a positive shift in sentiment in late April, with significant venture capital investments continuing in various sectors. Notable funding deals included: - Unto Labs raised $14.4 million for its scalable layer-1 blockchain, Thru, aimed at overcoming limitations of custom Virtual Machines. - Optimum secured $11 million to develop a high-performance memory layer using Random Linear Network Coding technology to enhance blockchain scalability. - Octane, an AI cybersecurity startup, raised $6.75 million to detect vulnerabilities in blockchain systems, addressing over $11.3 billion in crypto losses from hacks. - Inco closed a $5 million round to develop confidential computing technology for blockchains, focusing on privacy challenges. - Towns Protocol raised $10 million for its Web3 social media platform, planning to launch 10 billion TOWNS tokens. - Colb Asset SA raised $7.3 million to advance the tokenization of pre-IPO equity, aiming to enhance its platform and stablecoin adoption.
