This week, numerous blockchain and tech startups secured significant investments. Among them, Avalanche, Nano Labs, and Exabits raised funds for advancing their platforms and solutions.
Major Investments in Avalanche and Nano Labs
Avalanche, an open-source platform, raised $250M from investors like Galaxy Digital and Dragonfly Capital. The funds will be used to support decentralized applications and enterprise blockchain solutions. Nano Labs, a Chinese fabless IC design company, raised $36.3M to develop high-throughput computing solutions.
Exabits and Waterfall Protocol Expansion
Exabits raised $15M for developing decentralized infrastructure for AI applications. Meanwhile, Waterfall Protocol secured $11.6M for its decentralized smart contract platform, utilizing Directed Acyclic Graphs and PoS technology to ensure scalability and security.
Other Notable Investments This Week
Other startups that secured funding this week include Kast with $10M for supporting global spending using stablecoins, Mandala Chain with $1M for integrating blockchain for government and retail applications, and SmarDex with $4.5M aiming to address impermanent loss on decentralized exchanges.
This week's investment highlights demonstrate an active interest and confidence in tech startups across various sectors, including blockchain, finance, and artificial intelligence, as they continue to attract large funding rounds.
