Montreal, Canada, June 26, 2019 – Blockchain API company dfuse today announced that it is led by Multicoin Capital (a proposition-driven cryptocurrency fund and global blockchain thinking leader) and Intel Capital (Intel Capital) The oversubscribed seed round raised $3.5 million. Together with Dfuse's Diagram Ventures, the company also participated in this round of financing, while also participating in this round of investors include BoxOne Ventures, Panache Ventures, and White Star Capital.
The newly injected funds will be used by dfuse to expand its cross-regional chain technology platform and its engineering and customer success teams.
Marc-Antoine Ross, co-founder and CEO of dfuse, said:
“Every day, we are thrilled by the quality of the blockchain application built with dfuse. With the support of Multicoin Capital and Intel Capital, we are extremely excited to bring this smooth development experience to the forefront. In the blockchain ecosystem, our team is formed by a group of tireless scholars. The powerful platform we have built is only showing the ability on the surface."
Dfuse provides the most powerful and reliable Web3 data stack, along with GraphQL, WebSocket, and REST APIs, to build high-performance blockchain applications. The company's four flagship products: dfuse Stream, dfuse Lifecycle, dfuse Search, and dfuse custom networks make it easy for developers to build high-performance blockchain applications and deliver a great user experience. Dfuse Stream provides real-time updates that reflect the status of blockchains. Dfuse Lifecycle makes it easy to submit transactions to the blockchain and get irreversible protection with a single command. Dfuse Search allows developers to search the transaction history of the entire blockchain using a simple but powerful filter query language. The dfuse Custom Network provides a dedicated blockchain environment for development, testing and production on demand, with a full suite of dfuse products to support any development team.
Out of the box, dfuse provides developers with a fast-integrated open source library, a powerful block browser, SLAs that guarantee 99.9% uptime, and 24/7 support for the most demanding projects. Any developer can sign up for a free-level account and start building right away.
Kyle Samani, Managing Partner of Multicoin Capital, commented:
“dfuse provides developers with powerful and reliable APIs to help build modern, high-performance applications. Streaming data and streaming search are the two strongest corners of modern applications. They are opening up a huge New design areas, and the dfuse team has made visible achievements in this area. We are honored to support them and their companies because they are building some of the most important components of the Web3 infrastructure."
Michael Reed, director of Intel's blockchain project office, said:
"Intel Silicon Valley technology can help improve the security, scalability and privacy of blockchain applications. We look forward to working with dfuse to help more blockchain developers adopt Intel technology and benefit from it."
Founded by continuous technology entrepreneurs Marc-Antoine Ross, Richard Reiner, Alexandre Bourget and Mathieu Boulianne, dfuse is backed by the venture capital, Diagram Ventures, based in Montreal, Canada. With extensive experience in developing and running high-performance technology solutions and blockchain businesses, the team focused on providing developers with the solutions they need to build high-performance blockchain applications.