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dfuse Raises US$3.5M in Seed Financing Led by Multicoin Capital and Intel Capital

Jun 26, 2019 9:00:00 AM / by dfuse

New Blockchain API Platform Radically Accelerates Dapp Development, With Easy-to-Use Streaming APIs and On-Demand Networks

MONTREAL, Canada, June 26, 2019dfuse, the blockchain API company, today announced it has raised $3.5 million (USD) in an oversubscribed seed round led by Multicoin Capital, a thesis-driven cryptofund and global blockchain thought leader, and Intel Capital. dfuse was co-founded by Diagram Ventures, which also participated in the round. Also participating in the round were BoxOne Ventures, Panache Ventures, and White Star Capital.

The new funds will be used to expand its cross-blockchain technology platform and grow 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.”

dfuse provides the most robust and reliable Web3 data stack, with GraphQL, WebSocket and REST APIs to build performant blockchain applications. The company’s four flagship products, dfuse Stream, dfuse Lifecycle, dfuse Search and dfuse On Demand Networks make it easy for developers to build performant blockchain apps that deliver great user experiences. dfuse Stream delivers real-time updates reflecting the state of the blockchain. dfuse Lifecycle makes it easy to submit transactions to the blockchain and receive guaranteed irreversibility in a single call. dfuse Search enables developers to query the entire transaction history of the blockchain using a simple but powerful query language. dfuse On Demand Networks provides dedicated on-demand blockchain environments for dev, test or production, packed with the full suite of dfuse products, ready for any development team. 

Out of the box, dfuse gives developers open-source libraries for quick integration, a powerful block explorer, 99.9% or higher uptime SLAs, and 24/7 support for the most demanding businesses. Developers can sign up and start immediately building on a free plan.

“dfuse equips developers with robust and reliable APIs to build modern, high-performance applications. Streaming data and search are two of the most powerful building blocks in modern applications. They are unlocking a massive, new design space,” said Kyle Samani, Managing Partner, Multicoin Capital. “The dfuse team has a proven track record of success in the space. We’re proud to back them and their company as they build out some of the most important components of the Web3 infrastructure.” 

“Intel® silicon technologies can help improve the security, scalability, and privacy of blockchain applications” said Michael Reed, Director, Blockchain Program Office at Intel Corporation. “We look forward to working with dfuse to help more blockchain developers utilize and benefit from Intel technology.”

Founded by a team of serial tech entrepreneurs, Marc-Antoine Ross, Richard Reiner, Alexandre Bourget and Mathieu Boulianne, with the support of startup foundry Diagram Ventures, dfuse is headquartered in Montreal, Canada. With extensive experience in developing and running high-performance technology solutions and blockchain businesses, the team has a singular focus on providing what developers need to build performant blockchain applications. 

To learn more about dfuse, or to get a free API key, please visit www.dfuse.io/

About dfuse

dfuse, the blockchain API company, helps developers build performant applications by organizing the world's decentralized data. 

Powered by its low-latency architecture, its robust APIs make it possible to stream real-time state updates, conduct lightning-fast searches and provide irreversible transaction guarantees all for the first time using a simple API call. The company's flagship products, dfuse Stream, dfuse Lifecycle, dfuse Search and dfuse On Demand Networks, are available today and offer a suite of powerful features that make it easy for developers to customize and deliver first-rate user experiences.

The future of the Web is being built right now by blockchain pioneers who are revolutionizing the way companies, organizations and societies form, operate and interact. Permissionless innovation awaits.  

To sign up for free and start building, visit www.dfuse.io.  

About Multicoin Capital 

Multicoin Capital is a thesis-driven cryptofund that invests in tokens and companies reshaping entire sectors of the global economy

Blockchain technologies will create trillions of dollars of value over the next decade. But investing in tokens is fundamentally different than investing in companies. New tools, heuristics, and security measures are required to responsibly invest in this ecosystem. 

We believe in making decisions based solely on first principles and deep understanding of technology. We rigorously research blockchain protocols, teams, and market opportunities to deliver venture capital economics with public market liquidity.

For more information, please visit multicoin.capital

About Intel Capital 

Intel Capital invests in innovative startups targeting artificial intelligence, autonomous vehicles, datacenter and cloud, 5G, next-generation compute and a wide range of other disruptive technologies. Since 1991, Intel Capital has invested US$12.5 billion in 1,554 companies worldwide, and 670 portfolio companies have gone public or participated in a merger. Intel Capital curates thousands of business development introductions each year between its portfolio companies and the Global 2000. For more information on what makes Intel Capital one of the world’s most powerful venture capital firms, visit www.intelcapital.com or follow @Intelcapital.

topics blockchain, News, dfuse API, dfuse, Intel Capital, Diagram Ventures, Multicoin Capital