Chainbase, a leading omnichain data network, has secured a significant $15 million in a Series A funding round, signaling a major milestone in the company’s mission to revolutionize the Web3 ecosystem. The funding round attracted investments from prominent players in the industry, including Tencent Investment Group, Matrix Partners, Hash Global, and others.
With a track record of over 500 billion data calls and a strong presence in supporting thousands of developers and projects, Chainbase is at the forefront of democratizing access to on-chain data. In an industry where data control is often centralized, Chainbase’s omnichain data network aims to level the playing field by providing a unified and interoperable layer for accessing on-chain data.
The company’s ambitious goal is to address the challenges of transparency and fairness in the data realm, which have been exacerbated by the dominance of a few centralized entities. By developing the first crypto world model, Chainbase aims to enhance AI capabilities and set a new standard for on-chain intelligence, attracting millions of developers and users in the process.
Chris Feng, Co-founder and COO of Chainbase, expressed his excitement about the investment, emphasizing the company’s commitment to meeting the growing demand for scalable Web3 data. Harry Man, Partner at Matrix Partners, highlighted the potential of Chainbase’s on-chain data to contribute to high-quality models and bring intelligence to the crypto space.
With a global team of data scientists and ML engineers, Chainbase is well-equipped to drive innovation in the crypto world. The company plans to use the funds to develop and launch its pioneering crypto world model, enhance on-chain data intelligence, and support the growth of its omnichain data network and AI capabilities.
Overall, Chainbase’s successful funding round underscores its position as a key player in the crypto data landscape, poised to shape the future of on-chain data accessibility and intelligence.
