Cloud-based blockchain platform SIMBA Chain raises US$25 million in Series A financing »CryptoNinjas
SIMBA Chain, a platform for the development and deployment of decentralized applications (dApps) Across multiple blockchains, Today announced that it has raised US$25 million in a Series A financing led by Valley Capital Partners.
As a startup company incubated at the University of Notre Dame, SIMBA Chain provides a simple, time-saving and energy-saving method for deploying blockchain technology in the safest and most complex environments.
Its state-of-the-art technology automatically generates a powerful API series that supports permissions and public blockchains, allowing customers to launch blockchain applications without hiring expensive consultants or consuming valuable technical expertise.
Moreover, because SIMBA Chain allows users to choose from a wide range of blockchain technologies and has portability across these chains, the company provides a level of flexibility and customization that traditional blockchain methods cannot support.
The technology of SIMBA Chain is Currently using It is favored by the U.S. Air Force, Army, Navy and Marine Corps, Boeing and many commercial application customers.
“The demand for the Web3 smart contract platform in all our markets is faster than we expected. Users across multiple spectrums have accepted and verified the SIMBA Chain model, which simplifies the development of smart contracts. The market is also actively responding to our many Blockchain support, including Ethereum, avalanche, RSK, Stellar, etc., make SIMBA Chain-based applications highly portable and sustainable. “
-Joel Neidig, CEO and co-founder of SIMBA Chain
With additional funds, SIMBA Chain plans to expand the scale of sales, marketing and development, and invest resources in emerging enterprise-level opportunities, such as irreplaceable tokens.
The SIMBA Chain team expects that companies, academic institutions and others will use its software to manage and monetize digital and physical assets and business models that do not yet exist today.
In the past 18 months, SIMBA Chain has achieved the following milestones:
- Revenue increased by 360%.
- Work with the U.S. Air Force, U.S. Army, U.S. Navy, and U.S. Marine Corps to complete paid projects to develop blockchain-based security solutions that are critical to U.S. national security and warfighter efficiency.
- It has signed contracts with more than 30 higher education institutions in the United States, the United Kingdom, and Australia, and these institutions use the SIMBA Chain platform in their business schools and law schools.
- More than 6,000 users.
- Developed a digital market using non-fungible tokens for a major university.
Participants in the A series also include Notre Dame Pit Road Fund, Elevate Ventures, Stanford University Law School Venture Fund, and affiliates with Kohlberg, Kravis & Roberts (KKR), Amazon, Apple, Facebook, SpaceX, Gap, Estee Lauder, AppLovin, and Microsoft , Moelis & Company, Stanford University, Golden State Warriors, founder of Lightspeed Venture Partners, New Enterprise Associates and others.