Chainstack Secures Strategic Investment to Accelerate Web3
Infrastructure Development
Chainstack, a frontrunner among the top three global Web3
infrastructure providers, has successfully secured a strategic
investment from SBI Ven Capital, Sygnum, Azimut Group, Unicorn
Factory Ventures, and Ventech Ventures. This investment will enable
significant advancements in the company’s product offerings,
particularly focusing on enhancing core product offerings, customer
usability, and automation.
In just two and a half years, Chainstack has
transformed from a promising startup into a profitable global
enterprise, marking its territory as a foundational player in the
ever-evolving Web3 landscape. This journey has not only positioned
Chainstack among the top three Web3 infrastructure providers but
has also showcased its robust platform, unwavering commitment to
quality, and the deep trust it has cultivated within the developer
community.
Chainstack's offerings are extensive,
encompassing integrations with over 25 public blockchains, four
appchain frameworks, four consortium protocols, and partnerships
with all major cloud providers. This diverse range of options
serves more than 100,000 Web3 developers, ensuring they have the
essential tools to innovate and scale their projects without
constraints. This approach underscores Chainstack’s pivotal role in
shaping the future of blockchain technology, enabling developers to
push boundaries and create transformative applications.
Geographically, Chainstack’s operations span 12
regions, aligning its infrastructure with the distribution of its
user base. This strategic placement allows the company to
efficiently handle over 100 billion requests each month while
maintaining an impressive 99.99%+ uptime. Such reliability and
performance optimization are critical for developers building DApps
on the platform, ensuring seamless functionality and enhanced user
experiences.
Beyond infrastructure, Chainstack is deeply
committed to enhancing customer usability and automating processes.
The team continuously strives to set new industry standards for
performance, reliability, cost-efficiency, and developer support.
The securement of additional capital not only celebrates the
company's past achievements but also sets the stage for future
innovations.
This influx of resources is poised to catalyze
revolutionary changes in how blockchain technologies are utilized
globally, promising exciting developments in the Web3 domain.
Chainstack is clearly on a path to not just participate in the
future of blockchain but to significantly shape it.
"Chainstack's exceptional ability to simplify
blockchain infrastructure for both Asia and the global market is
setting new standards for the industry." - Kevin Low, SVP at SBI
Ven Capital
The investment will be strategically deployed to
enhance Chainstack's core product offerings and to bolster its
position as a trusted, foundational blockchain infrastructure
provider. This will center on refining and expanding the
fundamental functionalities that have positioned Chainstack as a
leader in blockchain infrastructure.
Such focus aims to enhance and build upon the
established foundations that make Chainstack a preferred choice for
blockchain solutions. Other key areas of investment include:
-
Customer usability: Making the platform even more
user-friendly, based on direct feedback from users and the demands
of the market.
-
Automation: Increasing the automation of processes
to streamline operations and improve efficiency across its
services.
These initiatives reflect Chainstack’s
commitment to building a robust and user-friendly platform that not
only meets but anticipates the needs of its users.
"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." - Anton
Vasilev, Managing Partner, Unicorn Factory Ventures.
The current state of Web3 is a harbinger of
fresh capital and growth opportunities. At Chainstack, the team is
optimistic about this trend, recognizing its potential to catalyze
their customers' success and, in turn, their growth. And as they
embark on this exciting new chapter, your invitation to join them
on an exciting journey to redefine the digital asset infrastructure
of tomorrow is already in your hands.
"This investment marks a milestone in
Chainstack's journey, confirming our position as a sustainable Web3
infrastructure leader. Looking ahead, we're invigorated to continue
on our mission to simplify blockchain technology for builders all
across the world, driven by customer feedback and our commitment to
exceptional developer experience. Moreover, we anticipate a
significant shift in the blockchain infrastructure market towards
commoditization, which we believe will lead to better price
performance and enhanced accessibility, greatly benefiting users
and developers alike." - Jan-Jaap Jager, CEO, Chainstack
In conclusion, Chainstack's recent influx of
strategic investments underscores a significant shift toward
enhancing performance and reducing costs in Web3 infrastructure.
The capital will be primarily directed towards refining
Chainstack’s core functionalities, improving system efficiencies,
and optimizing operational costs.
This focus aims to meet the dual goals of
sustaining high performance and progressively lowering prices. Such
strategic initiatives are expected to not only benefit Chainstack's
extensive user base by delivering superior value but also
strengthen Chainstack’s position as a leader in the blockchain
infrastructure market.
By driving these innovations, Chainstack is set
to shape the future landscape of blockchain technology, ensuring
that it remains both cutting-edge and accessible to developers
across the globe. Learn more about Chainstack and how it simplifies
blockchain for developers here: https://chainstack.com/.
About Chainstack
Chainstack delivers a limitless Web3 development
stack to build applications for every scale, encompassing DeFi,
NFT, gaming, analytics, and more. Tailored for both startups and
large enterprises, Chainstack empowers thousands of companies to
significantly reduce time to market, costs, and risks associated
with developing and scaling decentralized applications. With our
robust, globally distributed infrastructure solutions, we ensure
that innovators can concentrate on crafting transformative
solutions efficiently and effectively.
Chainstack Media Contact:
Maksim Solovyev, VP of Product Marketing
et@chainstack.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/d7a65eac-071b-47ac-9ff5-cacfec6780c2