Chainbound Raises $4.6M in Seed Funding

Chainbound, a New York based startup that builds optimized infrastructure and networking tools for blockchains, raised $4.6m in seed funding.

The round was led by Cyber Fund, with participation from Maven 11, Semantic, Robot Ventures, Bankless Ventures, Anagram, Chorus One, Delphi Ventures, Symbolic Capital Partners, and angels such as Hasu, Kubi Mensah, Mike Neuder, Anthony Sassano, and others.

With these funds, we will accelerate bolt’s market launch, bringing trustless sub-second preconfirmations to Ethereum, and continue to position Chainbound as a key player in the development of Ethereum’s infrastructure and networking solutions.

Chainbound is advancing a protocol that enables transaction pre-confirmations to cut the time for Ethereum transactions to be confirmed.

Products in development includes:

1. Fiber Network, a global network of nodes that connect to the Ethereum peer-to-peer (p2p) networking layer. Fiber nodes are internally connected over a private network ensuring fast, global message propagation. Fiber can be leveraged for real-time monitoring of pending transactions on Ethereum (the “mempool”), real-time updates on validated states in the form of Ethereum blocks, efficiently broadcasting transactions to the Ethereum network
2. Echo, a specialised API that allows Ethereum users to send bundles to their desired builders and the public mempool
3. Bolt, a trustless proposer commitments protocol enabling sub second preconfirmations

FinSMEs

28/08/2024