According to Fortune, PANews reported on April 29 that Unto Labs has announced the completion of a $14.4 million financing round led by Framework Ventures and Electric Capital, with a valuation of $140 million. Unto is developing its own blockchain and a self-developed virtual machine called ThruVM, based on the RISC-V architecture, aiming to improve compatibility with traditional hardware and lower the entry barrier for non-crypto developers. The funds will be used to expand the team size and accelerate product development.
Unto Labs raises $14.4 million to develop new RISC-V-based blockchain
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