thecoinrise.com
Full-service cyber security firm Goldsky announced that it has generated $20 million in a seed funding round which was led by the United States venture capital firm, Felicis, known for early-stage investments, and Dragon Capital, a cross-border crypto venture fund.
Goldsky plans to use this fund to enhance the accessibility of blockchain data to users and investors and also the ease of their usage.
The seed round received investments from Elad Gil, Plaid founders Zach Perret and William Hockey, Uniswap Labs, 0x Labs, Zhuoxun Yin of Magic Eden, Alex Xu of Azuki, and Robert Leshner of Compound Finance.
According to Goldsky, many companies have the issue of easily reading and processing crypto data quickly and efficiently. To that end, it plans to take advantage of that weakness with its advanced technology which it believes will do a better job at effectively and efficiently processing the data.
Goldsky Plans to Enhance Data Pipeline
Goldsky was established in 2021 by Kevin Li and Jeff Ling, who met while working as engineers at unicorn data company Heap.
Its initial launch was with a funding of $1.4 million. With Goldsky technology, the firm can automate the creation of end-to-end data pipelines. Therefore, it can sharpen its provision of real-time data across multiple chains, then ‘reshape it through a data streaming platform and serve up the final result directly to a website via an API.’
Kevin Li mentioned that “the vast majority of crypto data lives on chains instead of in databases. Even early-stage startups now need both specialized data expertise and a lot of time to ship anything at a production scale. The data space is quickly blossoming in crypto, and all signs point to a very healthy demand for Goldsky.”
Equally important, is the seed fund raised by San Francisco-based venture capital company MetaWeb. A few days ago, the VC secured $30 million in its first-ever funding round focused on early startups. The fund targets gaming, Decentralized Finance (DeFi), decentralized social media, and Decentralized Autonomous Organizations (DAOs).