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Crypto fundraising remained resilient from June 15 to June 21, with 18 tasks securing a mixed $159.5 million regardless of broader market volatility.
The week was dominated by infrastructure and AI-focused ventures, with EigenLayer main the pack by a $70 million spherical backed by a16z crypto—bringing its complete funding to $234.5 million. Different notable raises included PrismaX, Sparkchain AI, Gradient Community, Ubyx, and Models Community, every attracting $10 million or extra from outstanding buyers like Pantera, Lightspeed, Galaxy Digital, and Coinbase Ventures.
The exercise indicators continued confidence in foundational crypto applied sciences and AI convergence, at the same time as deal sizes focus round fewer, well-backed tasks.
Right here’s an in depth examination of this week’s crypto funding exercise, based on the web site Crypto Fundraising:
EigenLayer (EigenCloud, Eigen Labs)
- The digital belongings arm of enterprise capital agency Andreessen Horowitz, a16z, deepened its funding in EigenLayer with a brand new $70 million token acquisition.
- The transfer coincides with the launch of the Ethereum restaking protocol’s developer platform, EigenCloud. It additionally builds on the $100 million funding a16z made in Eigen Labs’ Sequence B funding spherical in February 2024.
- EigenLayer (EIGEN) has raised $234.5 million thus far.
PrismaX
- PrismaX secured $11 million in a funding spherical led by a16z CSX, with participation from Builder Fund, Symbolic, Volt Capital, Virtuals Protocol, and several other angel buyers.
- The corporate formally launched throughout CSX’s Demo Day on June 3, showcasing its robotic intelligence platform, which goals to advance bodily generative AI.
- Bayley Wang and Chyna Qu co-founded PrismaX, Which focuses on growing foundational fashions that mix robotics and decentralized expertise to energy next-gen bodily AI programs.
Sparkchain AI
- SparkChain AI raised $10.8 million in a strategic spherical led by OakStone Ventures to scale its decentralized AI compute community and put together for its upcoming launch on Solana.
- The funding will help real-time AI optimization, infrastructure enlargement, and key partnerships, positioning SparkChain as a core layer for Web3 and DePIN (Decentralized Bodily Infrastructure) ecosystems.
- The elevate displays rising institutional curiosity in decentralized AI infrastructure, amid rising demand for alternate options to centralized cloud options and elevated give attention to edge computing, modular blockchains, and information sovereignty.
Gradient Community
- Pantera Capital and Multicoin Capital led a $10 million seed spherical for Gradient Community. HSG and top-tier angel buyers throughout AI and crypto supplied extra backing.
- The startup is constructing decentralized AI infrastructure for open-source intelligence, aiming to drive transparency and innovation within the AI area.
- Gradient additionally unveiled a refreshed model identification, reinforcing its dedication to decentralization, transparency, and its long-term imaginative and prescient for the way forward for AI.
Ubyx
- Ubyx clinched $10 million in seed funds. Based by Citi veteran Tony McLaughlin, the startup goals to be a unified distribution and redemption layer for a number of stablecoins, already partnering with Paxos, Ripple, Transfero, Monerium, and others.
- Galaxy Ventures led the hassle with participation from Founders Fund, Coinbase Ventures, Paxos, Payoneer, and others, to construct infrastructure for stablecoin clearing and checking account on/off-ramps—particularly for corporates dealing with cross-border funds.
- The elevate highlights rising investor confidence in stablecoin infrastructure, as Ubyx seeks to fill a niche left by main gamers like Circle and Tether, amid expectations of looser regulatory circumstances post-election.
Models Community
- Models Community collected $10 million in a spherical led by Nimbus Capital, signaling robust institutional confidence within the Waves Protocol and its potential to increase inside the DeFi and interoperability sectors.
- The funding goals to speed up DeFi infrastructure growth, cross-chain interoperability, and AI-powered instruments.
- The funding is predicted to spice up curiosity within the Waves ecosystem, doubtlessly driving increased on-chain exercise, elevated token demand, and improved market sentiment round WAVES as institutional backing attracts consideration.
Tasks beneath $10 million
- XFX, $9.1 million Seed spherical
- Sahara Labs, $8.5 million in a Public sale with $600 million totally diluted valuation
- PublicAI, $8 million in a Sequence A spherical
- Undertaking Eleven, $6 million in an Unknown spherical
- The Wildcard Alliance, $6 million in an Unknown spherical
- TAC, $5 million in a Strategic spherical
- Stackup, $4.2 million in a Seed spherical
- Uptopia, $4 million in a Pre-seed spherical
- Nook, $2.5 million in a Seed spherical
- BitVault, $2 million in a Pre-seed spherical
- Instinct, $900,000 in a Public sale
- Bombie, $300,000 in a Public sale with $80 million totally diluted valuation