Bware Labs, a Romanian company that provides an interface between Blockchain APIs consumers and node providers with integrated payment options and verified reliability, all embedded within Bware Labs platform and protocol service, announced that it has raised 6M USD, at a 50M USD valuation. The company’s goal is „to provide high quality, high-performance decentralized infrastructure for as many blockchains as possible”.
Less than 10 months have passed since Bware Labs completed their seed investment round, raising 1M USD, at a 7M USD valuation for the company. In the short time that passed since then, the team grew, both in numbers and experience, „the product evolved from an early alpha release to a platform for generating endpoints used in production by many successful projects,” the company said in a blog post.
„While working closely with so many projects, we identified a lot of new features that are in great demand and that we can build efficiently into our portfolio. Since we still have a lot of work to put into our main product, we saw only one possibility to enable us such a quick growth, to be able to support both our main product development and the new offerings: a new investment round,” said Anca Chirila, Chief Operations Officer at Bware Labs.
Below you can check out what some of Bware Labs new investors had to say about why they chose to partner with Bware Labs and a few thoughts from the company’s CEO.
“Hypersphere is excited to partner with Bware Labs on this opportunity. The team’s expertise and vision will enable builders to focus on developing multi-chain applications while eliminating much of the costly infrastructure overhead. Bware has built a strong team of experts who are capable of meeting the requirements of today’s projects while simultaneously scaling to meet the needs of future chains and customers.” — Brian Weaver, Engineering Manager at Hypersphere.
“Bware Labs is playing a key role in expanding and hardening the infrastructure available to builders across the Avalanche community,” said Lydia Chiu, Vice President of Business Development at Ava Labs, on behalf of Blizzard. “We look forward to seeing its team and technology take the next leap forward.”
“We are very excited to have finalized this investment round, for two main reasons: One is about the strength we brought into our team, by onboarding experienced investors, from both crypto and traditional finance, big tech projects and fellow infrastructure players. The other reason is related to our company’s growth and the expansion of our tech offering which can now happen at an accelerated pace due to the financing we were able to secure and the support of our investors. Of course, the vote of confidence received from new and repeated investors from our seed round, less than 10 months ago, are also bringing much pride to our team. We are now able to scale our plans for the years to come.” — Flavian Manea, CEO of Bware Labs.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
