Vybe Network Secures $10.5M in Series A Funding
Successful domestic expansion helps secure landmark investment led by FTX
Vybe Network, the leading data infrastructure solution, today announced the closing of a US$10.5 million Series A investment. Vybe Network enables the Solana community to query, index and exchange on-chain data to build dApps and Web3 analytics. The round is led by FTX with additional participation from Sino Global, Staking Facilities, Serum, Panony, Tess Ventures, Contango, Canonical Crypto Fund and EBT Group.
Launched in the summer of 2021, the company provides software and infrastructure that allows users to easily access and use real-time and historical data from the Solana blockchain. A key part of Vybe is data indexing, where anyone can host and provide data to the network transparently and without permission. The latest funding follows significant growth at Vybe. The Company’s products include VYBE App and Serum Analytics.
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“We have seen an unprecedented industry need for infrastructure such as Vybe as new innovations in this area evolve rapidly,” said Arun Das, CEO and Founder of Vybe. “This funding will accelerate our product delivery, move developers toward greater accountability, and fuel community engagement.”
Vybe will use this new funding to help decentralize data access and storage, allowing any user – regardless of background or skill – to participate in the network, monetize and share their data, power innovative dApps and get an overview of preferred Solana protocols. Infrastructure powers the user experience and is a middle ground between blockchain and user-facing dApps or marketplaces. Building on its existing technology, the company will help users advance their existing skills while benefiting from new advances in blockchain technology.
As it enters this next phase of growth, Vybe will also be a leading data provider and infrastructural component of the Solana ecosystem, where users can participate as data providers or mine on-chain data to create analytical or data-intensive dApps.
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