Permissionless Labs, the San Francisco Bay Area based primary contributor of Pipe Network, a permissionless content delivery network (CDN) on Solana, raised $10m in Series A funding.
The round was led by Multicoin Capital with participation from Robot Ventures, Solana Ventures and Solana co-founder Anatoly Yakovenko.
The company intends to use the funds to expand operations, recruiting marketing and engineering experts, scale the network’s points of presence (POPs), and launch a private beta and testnet.
Led by founder and CEO David Rhodus, Permissionless Labs is a research and development company dedicated to advancing permissionless technologies that reshape the landscape of digital content distribution. Pipe Network is advancing a decentralized Content Delivery Network (CDN) on Solana’s blockchain, which enables permissionless contributors to deploy Points of Presence (PoPs) in targeted regions, ensuring fast access to high-quality media and real-time applications.
FinSMEs
23/09/2024