QuickNode raises $60M at $800M market valuation

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Blockchain development platform QuickNode has completed a $60M funding round to expand its business. The company intends to attract more Web3 developers and users to the site.

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The round was hosted by the venture capital company 10T Fund, and the participants were such companies as Tiger Global, QED and Seven Six. QuickNode is now valued at $800 million.

Company representatives said that the funding received will be used for global expansion and provide developers with new opportunities and tools to attract new users to the platform. Now the company provides infrastructure development services for 16 blockchains, including: Bitcoin, Ethereum, Solana, Matic Arbitrum, Optimism and others.

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According to QuickNode COO Jackie Kennedy, the rules for funding have begun to change – now funds are more demanding on the projects they finance, paying more attention to performance indicators rather than underlying technology. So fundraising has become more difficult.

Now the platform processes more than 200 billion API requests every month, and the uptime, according to company representatives, is 99%. In the long term, the QuickNode team promises to make the platform much easier to use by anyone who wants to work with the blockchain.

Earlier, Hong Kong investment company HashKey Capital announced the completion of a $500 million funding round for its FinTech Investment Fund III.

Source: Bits

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