Wednesday, April 23, 2025
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Startup Behind Siacoin Storage Platform Raises $3M, Rebrands as Skynet Labs

The startup formerly known as Nebulous has raised a $3 million funding round led by Paradigm with participation from Bain Capital Ventures, Bessemer Venture Partners, A.Capital, Collaborative Fund, Dragonfly Capital Partners, Hack VC, INBlockchain, First Star Ventures and others.  The startup also rebranded, as Skynet Labs, to focus on promoting the

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Polkadot-Based Acala Raises $7M as DeFi Grabs Land on Another Blockchain

Decentralized finance (DeFi) continues to expand beyond Ethereum with the help of top-tier investors. Acala, a DeFi startup building on the Polkadot blockchain, has closed a $7 million simple agreement for future tokens (SAFT) led by Pantera Capital. Other investors in the funding round include 1confirmation, Arrington XRP Capital, ParaFi Capital,

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