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Seattle-based EigenLayer Raises $100M In Series B Funding

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The Seattle-based blockchain infrastructure startup EigenLayer was founded in 2021 and led by CEO Sreeram Kannan. The company specializes in advancing Ethereum-related technology, specifically focusing on “restaking.” EigenLayer provides blockchain developers with seamless access to a secure and decentralized network underpinning Ethereum. This accessibility empowers developers to seamlessly launch new protocols and applications while ensuring robust reliability and scalability.

EigenDA is a secure, high throughput, and decentralized data availability (DA) service built on Ethereum using the EigenLayer restaking primitive. EigenDA exemplifies the benefits derived from renting crypto-economic security and decentralized validators from the Ethereum network. EigenDA serves as a secure and decentralized data availability layer, offering Ethereum developers unprecedented transaction speeds and reduced transaction costs previously unattainable on the Ethereum platform.

EigenLayer Seed Funding
EigenLayer, has successfully raised $100 million in Series B funding, with Andreessen Horowitz (a16z Crypto) leading the investment round. The substantial funding is set aside for the finalization of EigenLayer’s innovative platform.

The funding round follows a previous investment of $50 million, led by Blockchain Capital. EigenLayer’s commitment to enhancing Ethereum-related technology positions it as a key player in the blockchain infrastructure space, with the substantial Series B funding propelling the company toward the completion and refinement of its groundbreaking platform.

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