Diagram Ventures, who cofounded dfuse, participated in the seed round along with BoxOne Ventures, Panache Ventures, and White Star Capital.
Dfuse’s main product is a robust and reliable Web3 data stack that makes it easier for developers to build performant blockchain applications. It comes with open-source libraries, 99.9% or higher uptime SLAs, 24/7 support, plus a free plan option for the more frugal developers.
“Dfuse equips developers with robust and reliable APIs to build modern, high-performance applications,” Kyle Samani, managing partner at Multicoin Capital.
“Streaming data and search are two of the most powerful building blocks in modern applications. They are unlocking a massive, new design space.”
The startup will use its newly-acquired funds to expand its cross-blockchain technology platform further. It also plans to expand its engineering and customer success teams.
“Every day, we are blown away by the quality of blockchain applications being built on top of dfuse,” said Marc-Antoine Ross, co-founder and CEO of dfuse.
“With the support of Multicoin Capital and Intel Capital, we’re thrilled to bring this buttery-smooth dev experience to the most promising blockchain ecosystems. We’ve assembled a team of voracious learners that has built and delivered a powerful platform that is still only scratching the surface of its capabilities.”