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NodeOps Raises $5M in Seed Funding to Scale Operations and Expand Infrastructure for Ethereum Ecosystem

NodeOps Raises $5M in Seed Funding to Scale Operations and Expand Infrastructure for Ethereum Ecosystem

CointimeCointime2024/05/28 08:10
By:Cointime

NodeOps, a New York-based company that provides a platform for Blockchain node orchestration, has raised $5 million in Seed funding. The funding round was led by L1D and included participation from Blockchain Founders Fund and Finality Capital, as well as institutional investors such as Oakgrave Ventures, Double Peak Group, Momentum6, and Bitscale Capital. The company plans to use the funds to expand its operations, add more protocols to its infrastructure, and develop incentive mechanisms for NodeOps developers. NodeOps, led by Naman Kabra, focuses on making the Ethereum ecosystem more secure and transparent through its Actively Validated Services (AVS) on EigenLayer, which enables one-click Node deployment across Blockchain infrastructures.

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