Blockchain infrastructure startup InfStones raises $33M in its Series B round

• InfStones has now raised $45 million in funding, the platform said.

• InfStones supports nodes on over 50 blockchains and plans to grow that to 100.

• Ethereum, Solana, NEO, Polkadot and Polygon are all currently supported.

Blockchain infrastructure provider InfStones announced it successfully closed a $33 million round in its Series B funding round.

According to the platform, which targets providing Amazon Web Services-like functionality for Web3, said investors in this round included Susquehanna International Group (SIG) and Dragonfly Capital.

Other participants in the financing round were DHVC, Qiming Venture Partners, A&T and Value Internet Fund. 

InfStones raised $12 million during its previous funding rounds, which means the company has now secured $45 million. The company, which was founded in 2018, did not provide a valuation for this latest round.

The AWS of Web3

InfStones supports over 50 blockchains, making it the world’s largest infrastructure provider. The company said the latest funding round will help it expand its team and blockchain support from 50 to 100, including some of the most popular staking protocols in the market.

Commenting on the company’s growing portfolio of supported blockchains and plans to be the AWS of Web 3, InfStones CEO Dr. Zhenwu Shi said:

"We don't compromise reliability, scalability, or speed despite having one of the world's most easy-to-use, one-click deployment features. Our goal is to bring the AWS experience to Web3."

The platform currently supports public API for clients, allowing users to easily run nodes on BNB Chain, Ethereum, and NEO. Others are Cardano, Chainlink, Polygon, Solana, and Polkadot, while the company plans to introduce integration for Cosmos.

"Just as AWS has made it easy for companies to deploy applications across servers, storage, and databases, InfStones is making it simple to deploy nodes, APIs, and other services,” said Dragonfly Capital general partner Tom Schmidt.

He noted that InfStones’ technology has helped remove the barriers that hinder wider adoption across new companies.