PANews reported on May 13 that according to Blockworks, blockchain cloud computing company Nirvana Labs has completed a $6 million seed extension round of financing, led jointly by Jump Crypto and Crucible Capital, with participation from RW3 Ventures, Castle Island, and Hash3 VC, bringing its total financing to $11.8 million.
The company provides computing services tailored specifically for the crypto field. Unlike traditional cloud service providers that centralize computing resources, Nirvana uses bare metal infrastructure, with each server serving only one client. Nirvana has served infrastructure providers such as BitGo and Fireblocks, as well as protocol foundations like Avalanche and Berachain. Nirvana also plans to serve as a front-end service to help organizations deploy on the startup DoubleZero.
