Blockchain indexer Nxyz spins out of private search engine Neeva and raises $40 million in a Series A round.
Blockchain indexer Nxyz emerges from stealth having raised $40 million in a Series A round.
The startup has been spun out from private search engine Neeva. Its CEO and co-founder Sridhar Ramaswamy will also become the CEO of Nxyz.Blockchain indexer Nxyz has emerged from stealth having secured $40 million in a Series A round led by Paradigm. Backers in the round also include Coinbase Ventures, Sequoia Capital and Greylock Partners — as well as prominent angel investors such as Messari's Ryan Selkis and former Coinbase chief technology officer Balaji Srinivasan, according to aNxyz aims to provide fast and reliable blockchain indexing and data services. The startup is being spun out of the private search engine Neeva.
The tool has been built by distributed systems engineers from Google and Neeva and can return blockchain data via its API in less than 200 milliseconds, according to the company."Nxyz has a truly superlative team that has built the best data indexing infrastructure for web3, and we at Paradigm are thrilled to support them," Matt Huang, co-founder and managing partner at Paradigm, said in the release.
© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.Kari McMahon is a deals reporter at The Block covering startup fundraises, M&A, FinTech and the VC industry. Prior to joining The Block, Kari covered investing and crypto at Insider and worked as a python software developer for several years.
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