Flashbots, an Ethereum software infrastructure provider, has raised $60 million from venture capitalists and other prominent players from the blockchain ecosystem.
According to a representative from the company, the latest fundraise gives it a valuation of at least $1 billion.
Details Of The Fundraise
The Series B round was led by San Francisco-based firm Paradigm and marks a shift from current trends that have seen venture capitalists pivot towards Artificial Intelligence (AI) from the crypto space. According to a statement from the Cayman Islands-based Flashbots, the financing was raised through an event called the “beauty contest for decentralization” that enabled the selection of investors based on their reverse pitches. Additionally, the funding round gives the Ethereum software infrastructure provider a valuation of at least $1 billion, cementing its Unicorn status.
On the 21st of July, Flashbots had filed with the United States Securities and Exchange Commission (SEC
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