Spice AI, a Seattle, WA-based platform that enables developers to build data driven applications for Web3, raised $13.5m in seed funding.
The round was led by Madrona with participation from Blackbird Ventures, Basis Set Ventures, Alumni Ventures Blockchain Fund, Joe McCann’s new Asymmetric fund, Protocol Labs, IEX Fund, and strategic angel investors including Thomas Dohmke, CEO of GitHub, who is also joining the board along with Tim Porter, Managing Director at Madrona.
The company intends to use the funds to expand operations and its business reach.
Founded in June 2021 by Luke Kim and Phillip LeBlanc, Spice AI creates technology to help developers build intelligent apps that learn and adapt. Its platform enables developers to access web3 data across chains via SQL over high-performance Apache Arrow APIs. It is available in Preview today with Bitcoin, Ethereum, and Ethereum Name Service (ENS) datasets with work in progress to launch Solana and Polygon.
The company also has a footprint in Asia and Australia.
FinSMEs
08/09/2022