Smooth Labs Secures $2M Seed Round Financing
On March 14, it was reported that the blockchain infrastructure start-up, Smooth Labs, completed a seed round financing of US $2 million, led by NGC Ventures, and participated by Cogitent Ventures, ArkStream Capital and Ian Balina’s Token Metrics.
Smooth Labs, a blockchain infrastructure start-up, completed a seed round financing of US $2 million
Analysis based on this information:
Smooth Labs, a blockchain infrastructure start-up, announced on March 14 that it had successfully raised $2 million in seed round financing. The round was led by NGC Ventures, a blockchain investment firm based in Singapore, with participation from Cogitent Ventures, ArkStream Capital and Ian Balina’s Token Metrics.
This financing round marks a significant milestone for Smooth Labs, as it will provide the necessary capital to further develop its blockchain infrastructure platform. The start-up aims to provide enterprise-level solutions to help businesses integrate blockchain technology into their operations. Its platform offers a range of services, including data management, identity verification, smart contract development and more.
Smooth Labs has positioned itself as a leading player in the blockchain infrastructure space with its focus on enterprise-level solutions. The platform’s approach is particularly appealing to businesses that are looking to leverage the benefits of blockchain technology but don’t have the expertise or resources to build their own infrastructure from scratch.
According to the CEO of Smooth Labs, the funding will be used to expand the company’s team, enhance its technology platform and reach out to potential customers. He added that they are delighted to have NGC Ventures, a leading investor in the blockchain space, as their lead investor, and to have secured funding from other reputable investors.
The blockchain industry has seen significant growth in recent years, and businesses across various industries have been exploring ways to leverage the technology. Start-ups like Smooth Labs are well-positioned to capitalize on this trend by providing enterprise-level solutions that make it easier for businesses to adopt blockchain technology.
In conclusion, Smooth Labs’ successful seed round financing is a positive development for the blockchain infrastructure space. As the industry continues to grow, we are likely to see more start-ups like Smooth Labs emerge, providing innovative solutions to help businesses leverage the benefits of blockchain technology.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/7203/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
Blockchain Academy and Alibaba Cloud Form Strategic Partnership for Web 3.0 Education
According to official Twitter, the Blockchain Academy and Alibaba Cloud officially reached a strategic partnership and signed the MOU on March 17. The cooperation between the two s
-
Federal Reserve Chairman Powell Worried About Unlicensed Blockchain
According to reports, Federal Reserve Chairman Powell said that he was really worried about the unlicensed blockchain. This is not conducive to maintaining saf…
-
What protocols are encryption and Byzantine (protocols are encryption Byzantine generals)
What protocols are encryption and Byzantine? The concepts of encryption currency
-
Nayms Raises $12 Million in Private Equity Financing
According to reports, the UK chain insurance company Nayms has announced that it has completed a private equity financing of $12 million at a valuation of $80 million, with UDHC le
-
Another organization has filed a complaint against OpenAI, requesting FTC to investigate and suspend its ChatGPT deployment
According to a report from The Verge, a US technology media, on Thursday local time, the non-profit organization Artificial Intelligence and Digital Policy Center (CAIDP) filed a c
-
The Iron Fish and the Impact of Interest Rate Hikes on the Federal Reserve
7:00-12:00 Key words: interest rate increase, FBI, Federal Reserve, Iron Fish, Signature Summary of important developments at noon on March 14 Analysis based on this information:On a regular Wednesday morning, between the hours of 7:00-12:00, several noteworthy incidents occurred. The message highlights four significant issues that have the potential to impact the Federal Reserve and its performance. The first incident is the interest rate increase that was announced. It suggests that the Federal Reserve aims to increase the cost of borrowing money, which may influence lending and spending patterns. The second incident involves the FBI, which is a US law enforcement agency that works within the Department of Justice. The message does not provide any specific details about the FBI incident, but as an agency that deals with investigations, it could have implications for the financial industry, which the Federal Reserve oversees. The third incident relates to the Federal Reserve, an independent system that supervises the monetary policy of the…
-
Government Support for Silicon Valley Bank and Signature Signals Return to Liquidity Provision
On March 13, Nic Carter, founder of Castle Island Ventures, a digital asset company, said that the government’s willingness to provide support for the Silicon Valley Bank and Signature meant that it had returned to the mode of providing liquidity rather than tightening, and the loose monetary policy had proved to be the “gospel” of cryptocurrency and other speculative asset classes in history, but this instability once again showed the vulnerability of the stable currency, Unusual financial conditions may cause them to fall below their fixed value. It is reported that Signature and Silvergate are the two main cooperative banks of encryption companies, and nearly half of American venture capital backed startups deposit cash in Silicon Valley banks, including crypto-friendly venture capital funds and some digital asset companies. Viewpoint: The failure of three banks, including Silicon Valley Bank, may limit the liquidity of the encryption industry Analysis based on this information:In a statement made on March 13, 2020, Nic Carter,…
-
Federal Reserve Governor Bowman on the US economy
According to reports, Federal Reserve Governor Bowman said that inflation in the United States is still too high; The current economic data of the United State…
-
Texas Requires Encryption Companies to Prove Adequate Reserves
On April 21st, the Texas House of Representatives passed a bill HB1666 on April 20th, requiring encryption companies to prove that they have sufficient asset reserves. The bill may
-
What is Wikipedia Coin (Is Wikipedia Content Real)?
Wikipedia Coin is a token issued by the blockchain project WhaleAlert. It is a v
-
US regulatory authorities seeking acquisition offers for Signature Bank
According to reports, according to people familiar with the matter, the US regulatory authorities have begun to seek the acquisition intention from potential buyers of Signature Bank. One of the people who did not want to be named said that the Federal Deposit Insurance Corporation (FDIC) of the United States had opened a so-called data room, which enabled potential bidders to start due diligence on the bank. Previously, the federal regulatory agency brought the signature bank into bankruptcy administration a few days after the collapse of another encryption friendly bank, Silvergate Bank and Silicon Valley Bank. US regulators began to seek acquisition intentions from potential buyers of Signature Bank Analysis based on this information:Reports have surfaced indicating that US regulatory authorities have initiated the search for acquisition offers for Signature Bank. Insiders who spoke on condition of anonymity have revealed that the Federal Deposit Insurance Corporation (FDIC) has created a data room for potential bidders, enabling them to engage in…
-
What is Long Short (Long as the main, short as auxiliary)
What is Long Short? What is Long Short?Why do we encounter this situation?In th
-
ETH2’s Pledge Deposit Increases Significantly in the Past Week
On February 27th, the data on the chain showed that the current pledge deposit of the contract address of the beacon chain ETH2 exceeded 17157015 ETHs, an incr…
-
What is Dr.ver (Dr Brand)?
According to the official introduction of Dr.ver, Dr is a protocol based on Eth
-
Data: Circle USDC circulation decreased by $500 million in the past week
On April 29th, according to official data, from April 20th to April 27th, Circle issued a total of $700 million in USDCs and redeemed $1.1 billion in USDCs, resulting in a decrease
-
Binance Converts $1 Billion Recovery Plan Funds from BUSD to Native Cryptocurrencies
On March 13, CZ, the founder of Binance, said in a message on social media that, considering the changes in stable currency and bank, Binance will convert the remaining US $1 billion of industrial recovery plan funds from BUSD to native cryptocurrency, including BTC, BNB and ETH. Some capital flows will occur on the chain to ensure transparency. CZ: US $1 billion “Industry Recovery Fund” will be converted from BUSD to BTC, BNB and ETH Analysis based on this information:Recently, CZ, the founder of Binance, announced in a social media post that the remaining $1 billion of the Industrial Recovery Plan Funds will be converted from BUSD to native cryptocurrencies like BTC, BNB, and ETH. This move was taken given the changes in stable currency and the banking system. Capital flows will be monitored closely to maintain transparency. Binance is a cryptocurrency exchange located in Malta that provides a platform for users to trade various digital currencies. BUSD is a…