PARSIQ, a startup that hopes to transform the financial services industry by making cryptocurrency a mainstream option, announced today that it has raised a $3 million strategic investment round. The company, which is based out of Menlo Park, California, said that the funding comes from a group of investors led by Solana, a Silicon Valley VC firm that has backed companies including Box and Convert.io.
PARSIQ, an emerging Blockchain development company, has announced a $3M strategic investment round that brings its total capital raised to date to $4.2M. The funding round was led by Solana Capital, with participation from five other investors, including DASH Core Group, a development incubator focused on Blockchain technologies.
Tallinn, Estonia, 15. June 2021, PARSIQ, a blockchain-based monitoring and workflow automation platform, has received a Series A funding round of $3 million from leading venture capitalists in the cryptocurrency ecosystem. The round was supported by Solana Foundation, Mindworks VC, Axia8 Ventures, Krypital Group, CoinUnited, Transfero Swiss, Elevate Ventures, Sanctum Ventures and other participants. Evan Cheng, director of research at Novi Financial (formerly Calibra), which is owned by Facebook, participated in the round as an individual investor. The venture round marks the first time PARSIQ has received funding from institutional investors, having previously been fully funded by a public token sale in 2019. The venture funding round was intended to attract new strategic partners and better position PARSIQ in the crypto-currency ecosystem by offering key players a stake in the success of the project. PARSIQ will work with the new investors on product development, go-to-market strategy and marketing, leveraging the partners’ experience and market positioning. Specifically, PARSIQ will work with the Solana Foundation to bring its Smart Triggers to projects in the Solana ecosystem so they can easily read and respond to blockchain data without having to develop their own solutions. PARSIQ currently supports major blockchains such as Bitcoin, Ethereum, as well as Solana, Binance Smart Chain and others. We are thrilled to have the support of such a diverse and prestigious participant in the crypto ecosystem, said Tom Thierman, CEO of PARSIQ. Although our lead from previous fundraising efforts was more than adequate, we felt we needed additional support from the major players to ensure the success of our project. With their help, we can organize the strongest marketing and development of PARSIQ. Anatoly Yakovenko, CEO of Solana Labs. Reliable and easy access to blockchain data on Solana means that projects running on our platform have fewer headaches building their stack and can focus on their product. PARSIQ is able to bridge the gap between the off-chain and on-chain world. VIA PARSIQ PARSIQ is a blockchain monitoring and workflow automation platform that serves as a multi-tier bridge between blockchain and off-chain applications. PARSIQ technology is ParsiQL’s proprietary programming language that allows users to track and interpret an infinite stream of data on the blockchain; thus monitoring the portfolios of traders and ordinary users. About Solana Solana is a powerful Proof of Stake (PoS) blockchain that focuses on scalability without sacrificing decentralization and security. Solana enables GPU parallelization for the first time with Proof of History (PoH), a pre-consensus clock that provides high speed, low latency, and low cost transactions, all at level 1 without sharding. Solana was developed by a team of former engineers from Qualcomm, Apple, Intel and Dropbox. It is managed by the Solana Foundation and supported by a loyal community of decentralized developers around the world.
- Tom Thiermann.
- [email protected]
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