October 08, 2024
Semantic Layer, a developer of decentralized application (dApp) infrastructure, has secured $3 million in seed funding. The round was led by Figment Capital, with additional investments from Hack VC, Robot Ventures, Bankless Ventures, Fenbushi Capital, Anagram, and Perridon Ventures.
Project | Latest Raise | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|---|
Semantic Layer | $3M | October 08, 2024 | Seed Round | Figment Capital | Infrastructure |
The company aims to enhance transaction execution infrastructure with its tools, Verifiable Aggregation Rules (VAR) and Verifiable Sequencing Rules (VSR), which will provide dApps with greater control over multi-blockchain transaction ordering and bundling.
According to co-founder Daniel Tong, the primary goal of this funding is to develop the core of the semantic layer and increase market awareness of ASS, including sponsoring research and developer discussion events.
About Semantic Layer
Semantic Layer is a company focused on developing infrastructure for decentralized applications (dApps). They aim to improve transaction execution across multiple blockchains with their tools, Verifiable Aggregation Rules (VAR) and Verifiable Sequencing Rules (VSR). These tools help dApps manage transaction ordering and bundling more effectively.
Website: https://www.semanticlayer.io/
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About Investor
Investor: Figment Capital
Figment Capital is a venture capital firm that invests in early-stage blockchain and Web3 infrastructure projects. Launched in 2021, the firm works closely with founders to help them scale their ideas into successful ventures. Figment Capital is deeply connected with Figment Inc., a leading provider of staking infrastructure, which allows them to offer strategic guidance and technical support to their portfolio companies. Their goal is to support the development and long-term success of innovative Web3 applications.
Location: New York, New York
Website: https://www.figmentcapital.io/
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