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Data Center News > Blog > Investments > Clique Raises $8M in Series A Funding
Investments

Clique Raises $8M in Series A Funding

Last updated: March 18, 2024 7:13 am
Published March 18, 2024
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Clique, a San Francisco, CA-based infrastructure firm empowering knowledge computing for blockchains, raised $8M in Sequence A funding.

The spherical was led by Polychain Capital, with participation from Bankless, Robotic Ventures, Santiago R. Santos, Balaji Srinivasan, and different angels such because the founders of Lido, Polygon, Scroll, Berachain, Monad, Gitcoin, Axiom, Succinct, and Uniswap Basis. 

The corporate intends to make use of the funds to construct a heterogenous compute coordination community that works for each on-chain and off-chain purposes entry compute and knowledge.

Based by Kevin Yu and Jaden Yan, Clique has emerged as a participant within the blockchain area, productionizing oracles that may deal with non-public knowledge in a safe and trust-minimized method off-chain with expertise similar to ZKPs and TEEs. The Clique Compute Coordination Community organizes varied off-chain compute sources, allocating them as wanted by each basic purposes and good contracts. This contains co-processors for performing verifiable compute on prime of on-chain knowledge, oracles for bringing in knowledge from any web knowledge supply, and specialised {hardware} for privateness, AI, and safe computation. This permits purposes to entry completely different compute sources and knowledge simply, with the flexibility to regulate for preferences round belief, privateness, efficiency, and price. By using a various vary of compute distributors specializing in areas like verifiable compute with zero-knowledge proofs (ZKP), confidential compute trusted execution environments (TEE), AI-based compute with GPUs, and lots of others, it permits purposes to optimize for varied parameters like belief, privateness, safety, efficiency, and price. 

The corporate has helped bootstrap on-chain person knowledge for distinguished ecosystems like Arbitrum, Optimism, Linea, Mantle, and Ronin, amongst others. It has served over 750k finish customers within the Web3 area and established partnerships with over 500 companies, together with trade leaders similar to Sony Music US, Journey.com, Aave, Eigenlayer, Sushiswap, Velodrome, Synthetix, and lots of extra.

See also  Cynomi Raises $37M in Series B Funding

FinSMEs

15/03/2024

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