January 24, 2023 Miami, Florida — QuickNode, the highest performing end-to-end development platform for Web3 builders, announced on January 24 in $60 million Series B funding led by 10T Holdings, LLC with participation from Tiger Global, 776 and Protocol Labs announced the closing of a funding round. Above all, QED. This latest round values QuickNode at $800 million and will be used to accelerate the company’s global expansion and further empower builders to lay the foundation for a decentralized, globally connected future.
Since its founding in 2017, QuickNode has established itself as a leader for companies and innovators who need a solid blockchain development tool that consistently receives best-in-class ratings for speed, reliability, and security. , successfully processing billions of blockchain calls daily with twice the response time. It outperforms its competitors with 99.99% uptime across 16 chains and 33 networks. Additionally, QuickNode’s user-friendly interface and robust multi-chain developer tool suite make it preferred by top his Web3 businesses and the largest global brands.
QuickNode co-founder and CEO Alex Nabutovsky commented on the announcement:
“At QuickNode, we firmly believe that Web3 is the future of the internet. Blockchain adoption and development continues to increase year on year, and we hope to continue the momentum in this space.”
With this funding, QuickNode will accelerate the transition from Web2 to Web3 by providing developers with the education, performance, reliability, and deployability needed to onboard the next billion blockchain users. It helps streamline at scale. QuickNode will also focus on hiring the best minds from around the world, hosting community-driven events and workshops, and developing cutting edge his Web3 products such as the QuickNode Marketplace.
“The industry is about to enter its next era. With this funding, we are poised for mass adoption of blockchain technology in 2023 and the rest of the decade. We are proud to be able to demonstrate that and help move the industry forward.”
Despite a volatile wave in the broader Web3 space in 2022, QuickNode has seen impressive growth over the past year, with its revenue increasing by over 300%. “Many of our customers best say, ‘Building in a bear market.’ We’re excited about the adoption we’ve seen with QuickNode, especially in the last few months,” he said.
This Series B funding round, led by 10T Holdings, LLC, comes just over a year after QuickNode announced a $35 million Series A funding round led by Tiger Global in October 2021. . During that time, QuickNode has grown and expanded its user base by over 400%. We strengthened that team by hiring over 90 new team members in eight countries. QuickNode currently offers industry-leading blockchain infrastructure on over 16 blockchains. It includes flexible APIs, powerful analytics, and expert-built resources that enable a wide range of use cases. All of this is backed by end-to-end support and world-class SOC 2-. Certified security.
QuickNode is building the infrastructure to support the future of Web3. Since 2017, we have worked with hundreds of thousands of top developers and companies to help scale their DApps and provide high-performance access to over 16 blockchains. For more information, please visit www.quicknode.com.
This publication is sponsored. Cointelegraph does not endorse and is not responsible or liable for the content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any action related to the Company. Cointelegraph will not be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with your use of or reliance on any content, goods or services mentioned in the press release. not.