Blockchain infrastructure provider InfStones announced the completion of a US$10 million Series A financing, led by Qiming Venture Capital, followed by DHVC, HashKey Capital, Plug and Play, SNZ Holdings and the family office of co-founder and former vice chairman/CEO Liang Xinjun. Fosun International.
For people with non-technical backgrounds or companies that lack engineering resources, the blockchain space has always been difficult to enter. From simply connecting to the blockchain to mortgages, most activities require knowledge of blockchain infrastructure and technical expertise.
In order to fill the gap and help more individuals and institutions enter the field, InfStones lowers the barriers to connecting with the blockchain, allowing customers to quickly deploy nodes on various networks. InfStones provides services to various institutional clients, including cryptocurrency exchanges, wallets, custodians, asset managers, analytics providers, etc.
Dozens of companies including Binance, Circle, KuCoin, DHVC, imToken, BitGo and Dune Analytics rely on the InfStones platform to run Verification node, Access data on the chain and build decentralized applications (dApps) across various blockchain networks.
With the new funding, InfStones will expand its scope of services to include products such as public and private API gateways and node management services. InfStones is also developing a front-end user interface to enable customers to access the platform through a self-service portal.
As one of the most extensive infrastructure platform as a service (PaaS) providers in the blockchain industry, InfStones supports tens of thousands of nodes on more than 50 chains, including Ethereum, Binance Smart Chain, Cardano, Polygon, Polkadot, Solana, Chainlink , And more.
“As Proof of Stake (PoS) becomes the consensus mechanism of choice for most projects, we have more and more opportunities to meet their infrastructure needs and make blockchain application development as easy as possible.”
– Dr. Zhenwu Shi, CEO of InfStones
Dr. Shi is a former engineer at Oracle and holds a PhD. Doctor of Computer Science from Georgia Institute of Technology. The founding team also includes Dr. Xue Liu, a professor at the School of Computer Science at McGill University in Canada, an academician of the Canadian Academy of Engineering, and the chief scientist of InfStones. The core team composed of senior engineers from Google, Oracle and Microsoft is distributed all over the world and continues to expand.