SendBlocks Comes Out of Stealth with $8.2 Million in Seed Funding to Streamline Blockchain Data Management
July 03 2024 - 6:53AM
Business Wire
SendBlocks, a pioneering startup in blockchain data management,
announced today that it is coming out of stealth mode with $8.2
million in seed funding.
SendBlocks makes accessing blockchain data simple. The
SendBlocks platform is fully customizable allowing blockchain
enterprises, ecosystems, protocols and applications to define the
data that matters to them, and leave it to SendBlocks to sift
through the blockchain to find their nuggets.
As high throughput blockchains emerge, many new use cases for
blockchain-based applications are becoming evident thanks to better
usability and cheaper transaction cost. “At the end of the day we
want to create a reality in which any developer can access any
blockchain data they desire, without needing an entire data team or
spending thousands of dollars per data need to do so,” shares Itay
Shrem, Co-founder & CEO.
Existing clients (that can be disclosed) include Bancor and
SphereX who have already benefited from SendBlocks' innovative
solution, experiencing streamlined operations and cost savings.
With more and more high throughput blockchains emerging, SendBlocks
is positioning itself to become the leading data management
platform.
“We believe that starting out in web3 shouldn't necessitate an
extensive data team and that infrastructure costs should align with
the application's user base rather than the blockchain's
throughput,” says Michael Kellner, Co-founder & CTO. “Merely
scaling the blockchain isn't sufficient; the entire stack must be
scalable to support the next generation of applications,” he
adds.
SendBlocks' innovative approach addresses these challenges
head-on. Shrem and Kellner, having spent over a decade each in
Talpiot are now leveraging their experience in building secure and
resilient infrastructures.
SendBlocks aims to significantly reduce backend and indexing
efforts for blockchain developers while maintaining flexibility and
robustness by consolidating the conventional indexer/RPC process
into a single, user-friendly platform.
Some simple use cases of the SendBlocks platform have already
been a game changer for clients, such as flexible historical data
access and fully personalized notifications. By providing customers
access to anything happening on-chain, SendBlocks helps developers
save billions of API queries, resulting in leaner data teams,
regardless of the underlying blockchain.
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