Crypto startup Unto Labs completes $14.4 million financing, led by Framework Ventures and Electric Capital
This article is machine translated
Show original
News: Jump Crypto's former employee-founded crypto company Unto Labs has completed a $14.4 million financing round, led by Framework Ventures and Electric Capital, with a valuation of $140 million. Heeger is developing his own virtual machine ThruVM for the planned Unto blockchain, which will use RISC-V. Unto Labs will use this financing to recruit more employees, hoping to expand the team from 5 to 10 people by the end of the year. Liam Heeger previously worked as a core engineer at Jump Crypto for two years, participating in the development of the company's flagship product Firedancer (a computer system connecting the Solana blockchain). In January, Heeger left to start his own business and was subsequently sued by his former employer for allegedly creating a "competitive business". Now, after reaching a settlement, Heeger has announced his new project. (Fortune)
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content



