PiLab Technology, a Seoul, South Korea-based research-oriented blockchain technology company, raised $8.4M in Series A funding.
The round was led by Investment Partners and STIC Ventures.
The company intends to use the funds for the expansion and globalization of BIFROST through strategic partnerships and development.
Founded in 2017 by two professors, Dohyun Pak and Jonghyup Lee, PiLab Technologies develops BIFROST, a multichain middleware platform that enables developers to create Decentralized Apps (DApps) on top of multiple protocols.
BIFROST is projected to be the industry-leading platform building the next generation of blockchains and the metaverse, catalyzing global adoption with its scalable and interoperable multichain technology.
The company has introduced a number of decentralized finance (DeFi) products, including BiFi, BiFi X, ChainRunner, Biport, and an NFT-based Play-to-Earn (P2E) game Summoner, and now focusing on building a multichain ecosystem utilizing its own multichain technology of BIFROST.
FinSMEs
17/02/2022