Nikolas Sargeant
Subsquid, the pioneer in Web3 data access solutions, has forged a formidable partnership with tech giant Google, following an impressive fundraising round that amassed over $17.5 million.
The company's latest funding round, totaling $17.5 million, is earmarked for the expansion of its omnichain indexing solution. Notably, Subsquid has seamlessly integrated its Software Development Kit (SDK) with Google BigQuery, empowering developers with unparalleled capabilities to analyze blockchain data.
The amalgamation of Subsquid's prowess with Google's infrastructure augments the accessibility of blockchain data for enterprises and facilitates comprehensive big data analytics. Leveraging Subsquid Network's seamless integration with Google BigQuery via its Squid SDK, developers now possess the tools to delve deep into blockchain data using Google’s cutting-edge technologies.
This milestone follows a triumphant testnet phase, which attracted over 70,000 participants deploying in excess of 20,000 indexers onto the network. Furthermore, Subsquid has inked major integrations with industry stalwarts such as Berachain, Neon EVM, CORE, and Starknet.
The resounding success of Subsquid's $6.3 million community sale, completed in a mere 19 minutes, solidifies its position as the fastest CoinList sale to date. This achievement not only catapults Subsquid's total fundraising to over $17.5 million but also expands its token holder base exponentially. Noteworthy investors in recent rounds include Blockchange, Hypersphere, Zee Prime, DFG, and Lattice.
"At Hypersphere, our mission revolves around nurturing burgeoning networks. By investing in Subsquid, we are committed to ensuring seamless access to critical data for network and protocol developers. Subsquid's solution significantly alleviates data costs, thereby facilitating widespread adoption within developer communities across the industry," remarked Jack Platts, Co-Founder of Hypersphere.
"With our token launch on the horizon, we are embarking on a new era of the open internet, characterized by permissionless data access for all Web3 stakeholders," emphasized Dmitry Zhelezov, Co-Founder of Subsquid. "Subsquid's revolutionary approach, which eradicates vendor lock-in and adopts a peer-to-peer data dissemination model, represents a quantum leap beyond centralized solutions that exert total control over data."
About Subsquid
Subsquid Network serves as a decentralized data access layer and data lake, forming the cornerstone of the Subsquid ecosystem. Offering developers unfettered access to on-chain data from over 100 chains, Subsquid is intricately woven into an extensive ecosystem of developer tools spanning both Web2 and Web3 domains.
