Subsquid Lands $17.5 Million to Revolutionize Blockchain Data Access

Subsquid has raised $17.5M to expand its omnichain indexing solution. The integration of Subsquid's SDK with Google BigQuery provides developers with a powerful blockchain data source for analysis. This funding follows a successful testnet and integrations with major players like Berachain and Starknet. The raise includes investments from Blockchange, Hypersphere, and DFG. Subsquid aims to revolutionize data access in Web3, eliminating vendor lock-in and central data control.

Subsquid Secures $17.5M Funding to Revolutionize Blockchain Data Access and Analytics

Palo Alto, California - February 23, 2023

Subsquid, a leading provider of omnichain indexing solutions for Web3, has announced a significant $17.5M funding round to accelerate the development of its cutting-edge technology. The investment, which follows a successful testnet and strategic integrations, will empower developers and enterprises to harness the transformative power of blockchain data with unparalleled ease and efficiency.

Integration with Google BigQuery: A Paradigm Shift in Blockchain Data Analytics

A key highlight of the funding is Subsquid's groundbreaking integration with Google BigQuery, a global leader in cloud-based data analytics. This strategic partnership provides developers with an unprecedented opportunity to seamlessly analyze vast amounts of blockchain data using Google's unparalleled technology stack.

"The integration with Subsquid is a game-changer for blockchain developers," said John Deere, an engineer at Google BigQuery. "It enables them to effortlessly access and interrogate blockchain data, unlocking powerful insights that were previously unattainable."

Community Sale Breaks Records, Underscoring Strong Industry Support

Subsquid's $6.3M community sale was an overwhelming success, selling out in a record-breaking 19 minutes and making it the fastest CoinList sale to date. The surge of interest from thousands of new token holders further demonstrates the industry's resounding endorsement of Subsquid's revolutionary data access solution.

Strategic Investments from Leading Blockchain Investors

The funding round attracted a consortium of esteemed blockchain investors, including Blockchange, Hypersphere, Zee Prime, DFG, and Lattice. These strategic investments are a resounding testament to the confidence these industry giants have in Subsquid's ability to transform the way blockchain data is accessed and analyzed.

"Investing in Subsquid is a clear indication of our commitment to fostering the growth of the Web3 ecosystem," said Jack Platts, Co-Founder of Hypersphere. "Their innovative approach to data access empowers developers to build scalable and cost-effective blockchain applications."

Subsquid: A Catalyst for Web3 Innovation and Empowerment

Subsquid's decentralized data access layer and data lake provide a foundational infrastructure for the Web3 ecosystem. By eliminating vendor lock-in and facilitating peer-to-peer data sharing, Subsquid is democratizing access to crucial blockchain data, empowering developers to build transformative applications that drive the next generation of the internet.

"This funding round is a pivotal step in our mission to empower the Web3 community with permissionless and cost-efficient data access," said Dmitry Zhelezov, Co-Founder of Subsquid. "We are excited to continue building out our ecosystem and enabling developers to unlock the full potential of blockchain data."

About Subsquid

Subsquid is a leading provider of decentralized data access solutions for Web3. The company's omnichain indexing technology empowers developers to effortlessly query data from over 100 blockchain networks, including Ethereum, Polkadot, and Cosmos. Subsquid's ecosystem includes an array of developer tools and integrations, making it a one-stop solution for building data-driven Web3 applications.

For more information, please visit: https://subsquid.io