WA-based EigenLayer secures $100million in series B round funding. Andreessen Horowitz (a16z Crypto) led the round. The money will be used by the business to complete its platform.
EigenLayer, an Ethereum-related startup headed by CEO Sreeram Kannan, was founded in 2021 and is developing a technology called “restaking.”
Read also – CA-based Synadia Secures $25Million in Series B Round Funding
With the company’s help, blockchain developers may simply create new protocols and applications with strong assurances of stability and scalability because they have access to Ethereum’s secure and decentralised network.
About EigenLayer
EigenLayer is a team that welcomes remote work and is mostly located in Seattle, Washington. Their creator, Sreeram Kannan, led the UW Blockchain Lab in addition to being a professor at the University of Washington. Their team’s initial members emerged from that laboratory.
Read also – CA-based Frontier Medicines Corporation Secures $80Million in Series C Round Funding
Their team is very much in Seattle and New York City, and they welcome remote workers. Sreeram Kannan, the founder, headed the UW Blockchain Lab in addition to being a professor at the University of Washington. Out of that lab emerged the initial members of the team.
