PANews reported on May 13 that according to Blockworks, blockchain cloud computing company Nirvana Labs completed a $6 million seed extension round of financing, led by Jump Crypto and Crucible Capital, with participation from RW3 Ventures, Castle Island and Hash3 VC, bringing its total financing amount to $11.8 million.
The company provides computing services tailored for the encryption field. Unlike traditional cloud service providers that concentrate computing resources, Nirvana uses bare metal infrastructure, and each server only serves one client. Nirvana has served infrastructure providers such as BitGo and Fireblocks, and protocol foundations such as Avalanche and Berachain. Nirvana also plans to serve as a front-end service to help organizations deploy on Internet filtering startup DoubleZero.
