Subsquid secures $17.5 million funding to advance its omnichain indexing solution. The company's Web3 indexing SDK integration with Google BigQuery empowers developers to analyze blockchain data. Strategic investments from key players in the blockchain industry, including DFG, Hypersphere, and Zee Prime, underscore confidence in Subsquid's mission to democratize blockchain data access and reduce costs for developers.
Subsquid Secures $17.5 Million Investment, Empowering Developers with Robust Blockchain Data Analytics
Subsquid, the leading provider of omnichain indexing solutions, has recently secured $17.5 million in investment to fuel the advancement of its groundbreaking technology. This substantial funding enables Subsquid to further its mission of providing developers with comprehensive and accessible blockchain data for rigorous analysis.
The strategic integration of Subsquid's SDK with Google BigQuery marks a significant milestone in the blockchain data ecosystem. This seamless integration empowers businesses and big data analysts with a potent and reliable source of blockchain data. Through Subsquid's Squid SDK, developers can harness the unparalleled capabilities of Google's technology to delve into intricate blockchain data, unlocking unprecedented insights.
Subsquid's success is underscored by an impressive testnet with over 70,000 users, who have collectively contributed over 20,000 indexers to the network. This widespread adoption is complemented by notable integrations with Berachain, Neon EVM, CORE, and Starknet, further solidifying Subsquid's position as a key player in the blockchain data landscape.
The remarkable community sale hosted by Subsquid raised an impressive $6.3 million in just 19 minutes, setting a record as the fastest CoinList sale ever conducted. This overwhelming response culminated in a total fundraising exceeding $17.5 million and attracted a surge of new token holders. Notable investors who participated in recent funding rounds include DFG, Hypersphere, Zee Prime, Blockchange, and Lattice.
"At Hypersphere, we are dedicated to fostering the growth of networks," stated Jack Platts, Co-Founder of Hypersphere. "Our investment in Subsquid ensures that network and protocol developers have uninterrupted access to the vital data they need to drive innovation. Subsquid's ability to reduce data costs for large-scale deployments across prominent blockchains and developer communities positions them as a revolutionary force, reshaping the status quo of centralized data solutions."
Dmitry Zhelezov, Co-Founder of Subsquid, expressed his enthusiasm for the future, stating, "As we approach the launch of our token, we stand at the cusp of a new era for the open internet. Subsquid's mission is to democratize data access for all Web3 builders. By eliminating vendor lock-in and facilitating data sharing in a peer-to-peer manner, Subsquid transforms the blockchain data landscape and establishes itself as a game-changer in the industry."
This significant investment and strategic integration with Google BigQuery position Subsquid at the forefront of blockchain data innovation. Developers now possess an unparalleled toolset to analyze and interpret robust blockchain data, empowering them to make informed decisions and drive the next wave of decentralized technology adoption.
