Imua (fka Exocore), a San Francisco, CA-based provider of a purpose-built L1 blockchain for shared security, raised a $5M in Seed funding.
The round was led by Draper Dragon, No Limit Holdings, and Paramita Capital with participation from Reforge Capital, Caladan Capital, Tané Labs, Syntax Capital, MH Ventures, 57 Blocks, Lecca Ventures and others. Shima Capital provided early incubation support.
The company intends to use the funds to expand operations and its development efforts.
Co-founded by crypto veterans Warren Paul Anderson and Rongjian Lan, along with Raluca Ada Popa, Imua is a new purpose-built L1 blockchain for shared security that aggregates on-chain decentralized trust via restaking and extends it as a service to the off-chain world of AI and more. The company uses novel techniques to bundle decentralized security & trust from top blockchains like Bitcoin, Ethereum, XRP and Solana, and extends it as a service to secure off-chain networks such as AI.
Imua public testnet is live with 42 validators and has partnered with over a dozen projects. Imua mainnet is expected to launch soon.
FinSMEs
25/02/2025