QuickNode, an end-to-end development platform that assists Web3 builders, has raised $60 million in Series B funding. 10 T Holdings led the round, which values the startup at $800 million with contributions from Tiger Global, Seven Seven Six, Protocol Labs, and QED, among others.
We're beyond excited to announce that we have raised a $60 million Series B funding round led by @10TFund — with participation from Tiger Global, @sevensevensix, and @QEDInvestors, among others — to fuel our next phase of growth and development! pic.twitter.com/aWAu4P3WhX
— QuickNode (@QuickNode) January 24, 2023
The most recent round will quicken the company’s global expansion and provide QuickNode more strength as it works to create the infrastructure that will support Web3 in the future.
For companies and entrepreneurs needing steadfast blockchain development tools that routinely rank at the top of their class for speed, dependability, and security, QuickNode has established itself as a leader.
QuickNode announced a $35 million Series A funding round sponsored by Tiger Global in October 2021. A little more than a year later, 10T Holdings launched a Series B funding round.
Over that time, the company has increased its user base by over 400 percent and added more than 90 new team members from eight different countries, growing the team.
With elastic APIs, robust analytics, and expertly created resources that enable a wide range of use cases, QuickNode offers industry-leading blockchain infrastructure on over 16 blockchains. These services are backed by end-to-end support and top-notch SOC 2-certified security.
The company effectively manages billions of blockchain calls per day with a 99.99 percent uptime over 16 chains and 33 networks with a response time that is 2X faster than competitors.
QuickNode is fueling the mass adoption of blockchain technology for the new era
2017 saw the launch of QuickNode, a company that offers blockchain development tools compatible with 16 prominent Web3 protocols, including Solana, Fantom, Celo, NEAR, and xDAI. These include Ethereum, Bitcoin, Polygon, the Ethereum scaling network, and the BNB Chain from Binance.
Top Web3 companies and the most well-known international brands favor QuickNode due to its user-friendly interface and extensive, multi-chain developer toolset.
Alex Nabutovsky, CEO and co-founder of QuickNode, said, “At QuickNode, we firmly believe in Web3 as the future of the Internet. Blockchain adoption and development continue to increase year-over-year, and we expect continued momentum in the space.”
How quick is QuickNode?
Well, we dove in 👇🤿
In this article, we cover the importance of performance, define a solid methodology, and set industry standards for comparing response times: https://t.co/ZU2uZx9jJJ
— QuickNode (@QuickNode) December 8, 2022
By giving developers the training, performance, dependability, and deployability needed to sign up the next billion blockchain users, QuickNode will facilitate the Web2 to Web3 transition at scale with the support of this investment.
In addition, QuickNode intends to intensify its efforts to keep enlisting the world’s top minds, to hold community-driven seminars and events, and to create cutting-edge Web3 products like QuickNode Marketplace.
“The industry is about to enter its next era, and with this raise, we are preparing for mass adoption of blockchain technology in 2023 and throughout the rest of the decade. We are proud to help our customers scale to their full potential and move the industry forward,” said Nabutovsky.
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