THE DAILY ENCRYPT

September 30, 2022

Automating Crypto Data Firm Goldsky Completes $20M Seed Funding Round

Goldsky, a crypto data infrastructure platform, announced a $20 Million seed fundraise....
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Photo by Karolina Grabowska

Goldsky, a crypto data infrastructure platform, announced a $20 Million seed fundraise. Elad Gil, Plaid founders Zach Perret, William Hockey, Uniswap Labs, and 0x Labs are some of the investors.

Goldsky, a crypto data infrastructure platform, announced Monday that it has closed a $20m seed round under the leadership of VC firms Felicis Capital and Dragonfly Capital.

Elad Gil, Plaid founders Zach Perret, William Hockey, Uniswap Labs and 0x Labs, Zhuoxun Yin from Magic Eden, Alex Xu, Azuki, and Robert Leshner, Compound Finance were also investors.

Goldsky automates data pipelines

Jeff Ling and Kevin Li founded Goldsky, which was established last year with $1.4 million of initial funding. They met while working together as engineers at Heap, a unicorn data company.

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The company automates the creation and maintenance of data pipelines from start to finish. Users can now focus on real-time data from multiple chains and reshape it using a data streaming platform. The final result can then be delivered directly to a website via an interface.

According to Goldsky, this solves the industry’s most expensive problem: reading and processing data from smart contracts that have been deployed.

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“Teams often find themselves doing substantial amounts of data engineering in order to aggregate and process distributed activity. It can cost tens to thousands of dollars, and even more importantly, it can take time away from core products,” the company stated in a statement.

Current customers include POAP, Polymarket, and Arweave.

Goldsky is one of many firms fighting for a place in the blockchain data space. Nansen, a crypto-analytics startup, was funded by Accel in a round of $750 million. Over the past year, Kaiko, Messari and CryptoCompare have all raised funds.

Thomas Dekker

Thomas Dekker

Thomas has been a blockchain enthusiast since the launch of Bitcoin. Although he kicks himself for not taking out a loan to buy Bitcoin in '14 he still has a small stash, so he says. Thomas enjoys researching about altcoins that are improving people's lives and NFTs that make his imagination run wild. Thomas says "There is no need to be nervous about blockchain technology, it's a wonderful thing".
Thomas Dekker

Thomas Dekker

Thomas has been a blockchain enthusiast since the launch of Bitcoin. Although he kicks himself for not taking out a loan to buy Bitcoin in '14 he still has a small stash, so he says. Thomas enjoys researching about altcoins that are improving people's lives and NFTs that make his imagination run wild. Thomas says "There is no need to be nervous about blockchain technology, it's a wonderful thing".

© 2022 The Daily Encrypt. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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