Sei Labs, a remote contributor to the open-source Sei blockchain, raised $30M in two funding rounds.
Backers included Jump, Distributed Global, Multicoin, Asymmetric, Flow Traders, Hypersphere, and Bixin Ventures.
The company intends to use the funds to accelerate its growth and its presence in the Asia-Pacific region.
Led by Jayendra Jog, Sei Labs is a contributor to the open-source Sei blockchain, a Layer 1 for trading, whose chain-level optimizations enable decentralized exchanges and trading apps to offer the user experience with modern performance and scalability.
Sei has shown growth during its development phase. There are more than 120 teams deploying on Sei ahead of mainnet, indicating strong developer excitement and support. In addition, its latest public testnet, which went live on March 13th, has attracted over 3.6 million unique users and processed over 35 million transactions, in less than a month.
FinSMEs
11/04/2023