Subzero Labs has announced its emergence from stealth after raising $20 million for the development of its Rialo platform for decentralized applications.
Funding and Partners
Subzero Labs completed a $20 million financing round led by Pantera Capital, with participation from other leading investors including Variant, Coinbase Ventures, Hashed, and Susquehanna Crypto.
About the Team and Founders
The founders of Subzero Labs, Ade Adepoju and Lu Zhang, previously worked at Mysten Labs and contributed to the Sui network. Their background includes experience at companies like Meta, Apple, Amazon, and Netflix, positioning the team to confidently tackle decentralized infrastructure development.
Rialo Concept and Features
Rialo serves as a network providing developers with the tools needed to create globally decentralized applications. It offers native web connectivity, event-driven transactions, and built-in privacy, enabling the creation of applications with high responsiveness and key functionalities.
With Rialo, Subzero Labs aims to transform the approach to developing decentralized applications, providing tools to simplify integration with real-world data and services.
