Montreal-based blockchain API company dfuse today announced it has raised $4.5 million (US $3.5 million) in seed money. The investment was led by Multicoin Capital, a global blockchain and crypto investor, and Intel Capital. dfuse was co-founded by Diagram Ventures, which also participated in the round along with BoxOne Ventures, Panache Ventures, and White Star Capital.
The company’s blockchain API platform accelerates app development, with easy-to-use streaming APIs and on-demand networks. They will use the new funding to expand their cross-blockchain technology platform and build out their engineering and customer success teams.
“Every day, we are blown away by the quality of blockchain applications being built on top of dfuse,” said Marc-Antoine Ross, co-founder and CEO of dfuse. “With the support of Multicoin Capital and Intel Capital, we’re thrilled to bring this buttery-smooth dev experience to the most promising blockchain ecosystems. We’ve assembled a team of voracious learners that has built and delivered a powerful platform that is still only scratching the surface of its capabilities.”
Out of the box, dfuse gives developers open-source libraries for quick integration, a powerful block explorer, 99.9% or higher uptime SLAs, and 24/7 support for the most demanding businesses.
“dfuse equips developers with robust and reliable APIs to build modern, high-performance applications. Streaming data and search are two of the most powerful building blocks in modern applications. They are unlocking a massive, new design space,” said Kyle Samani, Managing Partner, Multicoin Capital. “The dfuse team has a proven track record of success in the space. We’re proud to back them and their company as they build out some of the most important components of the Web3 infrastructure.”
“Intel® silicon technologies can help improve the security, scalability, and privacy of blockchain applications” said Michael Reed, Director, Blockchain Program Office at Intel Corporation. “We look forward to working with dfuse to help more blockchain developers utilize and benefit from Intel technology.”