Miami, Florida, Jan. 24, 2023 — QuickNode, probably the most performant end-to-end improvement platform for Web3 builders, introduced on Jan. 24 the closing of a $60 million Sequence B funding spherical led by 10T Holdings, LLC and with participation from Tiger International, 776, Protocol Labs, and QED, amongst others. This newest spherical values QuickNode at $800 million and will likely be used to speed up the corporate’s international growth and additional empower the builders laying the groundwork for a decentralized, globally related future.

Since its founding in 2017, QuickNode has established itself as a frontrunner for companies and innovators that require resolute blockchain improvement instruments that constantly price best-in-class for velocity, reliability and safety — efficiently dealing with billions of blockchain calls each day with 2x quicker response occasions than rivals and 99.99% uptime throughout 16 chains and 33 networks. As well as, QuickNode’s user-friendly interface and strong multichain developer device suite have made it the popular selection of prime Web3 companies and the most important international manufacturers.

Alex Nabutovsky, co-founder and CEO of QuickNode, commented on the announcement:

“At QuickNode, we firmly consider in Web3 as the way forward for the web. Blockchain adoption and improvement proceed to extend year-over-year, and we count on continued momentum within the house.”

With this funding, QuickNode will assist streamline the Web2-to-Web3 motion at scale by offering builders with the schooling, efficiency, reliability, and deployability required to onboard the following billion blockchain customers. QuickNode additionally plans to double down on hiring one of the best minds throughout the globe, internet hosting community-driven occasions and workshops, and creating cutting-edge Web3 choices similar to QuickNode Market.

Nabutovsky mentioned:

“The {industry} is about to enter its subsequent period, and with this elevate, we’re getting ready for mass adoption of blockchain expertise in 2023 and all through the remainder of the last decade. We’re proud to assist our prospects scale to their full potential and transfer the {industry} ahead.”

Regardless of uneven waters within the broader Web3 house in 2022, QuickNode has seen outstanding development over the previous 12 months, with its income rising greater than 300%. “A lot of our prospects have mentioned it finest — ‘In a bear market, we construct’ — and we’ve been thrilled with the adoption we’re seeing on QuickNode, particularly over the previous few months,” mentioned Nabutovsky.

This Sequence B funding spherical led by 10T Holdings, LLC comes simply over a 12 months after QuickNode introduced a $35 million Sequence A funding spherical led by Tiger International in October 2021. In that point, it has grown its consumer base by over 400% and expanded its workforce by hiring greater than 90 new workforce members throughout eight international locations. QuickNode presently gives industry-leading blockchain infrastructure on over 16 blockchains, together with elastic APIs, highly effective analytics and expert-crafted assets that allow a variety of use circumstances — all backed by end-to-end assist and world-class, SOC 2-certified safety.

About QuickNode

QuickNode is constructing infrastructure to assist the way forward for Web3. Since 2017, it has labored with a whole bunch of 1000’s of prime builders and firms, serving to scale DApps and offering high-performance entry to 16-plus blockchains. For extra info, please go to www.quicknode.com.

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