Web3 infrastructure provider Chainstack secured strategic investment from multiple investors

SBI Ven Capital, Sygnum, Azimut Group, Unicorn Factory Ventures, and Ventech Ventures have all successfully closed a strategic investment in Chainstack, a Singapore-based provider of Web3 infrastructure.

According to a statement released by Chainstack on Wednesday, this investment will allow for major improvements in the company’s product offerings, with a particular emphasis on improving core product offerings, customer usability, and automation.

The money will be used wisely to improve Chainstack’s core product line and solidify its standing as a reliable supplier of foundational blockchain infrastructure.

Refinement and expansion of the core features that have established Chainstack as a pioneer in blockchain infrastructure will be the main focus here.

Enhancing and strengthening the already-established foundations that make Chainstack a top option for blockchain solutions is the goal of this focus. Automation and user-friendliness for customers are two more important investment areas.

Based on direct user feedback and market demands, the company said it is further optimizing the platform for ease of use.

In an effort to optimize operations and boost service efficiency, it is also automating more procedures.

These initiatives, it claimed, are a reflection of its dedication to creating a solid and intuitive platform that not only satisfies but anticipates user needs.

The group is aware of Web3’s potential to spur their clients’ success and, consequently, their own expansion, noting that it heralds new funding and expansion prospects.

“This investment marks a milestone in Chainstack’s journey, confirming our position as a sustainable Web3 infrastructure leader,” said Jan-Jaap Jager, Chief Executive Officer, Chainstack.

“Looking ahead, we’re invigorated to continue on our mission to simplify blockchain technology for builders all across the world, driven by customer feedback and our commitment to exceptional developer experience,

“Moreover, we anticipate a significant shift in the blockchain infrastructure market towards commoditization, which we believe will lead to better price performance and enhanced accessibility, greatly benefiting users and developers alike,” he added.

The recent wave of strategic investments, according to Chainstack, highlights a major shift in Web3 infrastructure toward improving performance and cutting costs.

According to the statement, the money will mostly be used for streamlining the company’s core functions, increasing system effectiveness, and cutting operating expenses.

According to the statement, this focus attempts to achieve the twin objectives of maintaining high performance and gradually cutting costs.