Chainstack, Singapore-based Web3 infrastructure providers, has successfully secured a strategic investment from SBI Ven Capital, Sygnum, Azimut Group, Unicorn Factory Ventures, and Ventech Ventures.

This investment will enable significant advancements in the company’s product offerings, particularly focusing on enhancing core product offerings, customer usability, and automation, Chainstack said in a statement on Wednesday.

The investment will be strategically deployed to enhance Chainstack’s core product offerings and to bolster its position as a trusted, foundational blockchain infrastructure provider.

This will center on refining and expanding the fundamental functionalities that have positioned Chainstack as a leader in blockchain infrastructure.

Such focus aims to enhance and build upon the established foundations that make Chainstack a preferred choice for blockchain solutions. Other key areas of investment include customer usability and automation.

The firm said it is making the platform even more user-friendly, based on direct feedback from users and the demands of the market.

It is also increasing the automation of processes to streamline operations and improve efficiency across its services.

It said these initiatives reflect its commitment to building a robust and user-friendly platform that not only meets but anticipates the needs of its users.

Noting the current state of Web3 is a harbinger of fresh capital and growth opportunities, the team is recognizing its potential to catalyze their customers’ success and, in turn, their growth.

“This investment marks a milestone in Chainstack’s journey, confirming our position as a sustainable Web3 infrastructure leader,” said Jan-Jaap Jager, Chief Executive Officer, Chainstack.

“Looking ahead, we’re invigorated to continue on our mission to simplify blockchain technology for builders all across the world, driven by customer feedback and our commitment to exceptional developer experience,

“Moreover, we anticipate a significant shift in the blockchain infrastructure market towards commoditization, which we believe will lead to better price performance and enhanced accessibility, greatly benefiting users and developers alike,” he added.

Chainstack said the recent influx of strategic investments underscores a significant shift toward enhancing performance and reducing costs in Web3 infrastructure.

It said the capital will be primarily directed towards refining the firm’s core functionalities, improving system efficiencies, and optimizing operational costs.

It said this focus aims to meet the dual goals of sustaining high performance and progressively lowering prices.

It also said such strategic initiatives are expected to not only benefit the firm’s extensive user base by delivering superior value but also strengthen its position as a leader in the blockchain infrastructure market.

By driving these innovations, it said the firm is set to shape the future landscape of blockchain technology, ensuring that it remains both cutting-edge and accessible to developers across the globe.

Chainstack is a firm delivers a limitless Web3 development stack to build applications for every scale, encompassing DeFi, non-fungible token (NFT), gaming, analytics, and more.

The firm’s offerings are extensive, encompassing integrations with over 25 public blockchains, four appchain frameworks, four consortium protocols, and partnerships with all major cloud providers.

With operations span 12 regions, the firm serves more than 100,000 Web3 developers.

This strategic placement allows the company to efficiently handle over 100 billion requests each month while maintaining an impressive 99.99 percent+ uptime.

Such reliability and performance optimization are critical for developers building DApps on the platform, ensuring seamless functionality and enhanced user experiences.

“Chainstack’s exceptional ability to simplify blockchain infrastructure for both Asia and the global market is setting new standards for the industry,” said Kevin Low, Senior Vice President at SBI Ven Capital.

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