BlockJoy, a startup that provides white-label blockchain nodes as a service, raised a total of $12 million in seed and Series A funding, according to information shared exclusively with TechCrunch.
The funds will be used to launch BlockVisor, which is currently in beta mode.
According to the two co-founders, Sean Carey and Chris Bruce, the Boston-based startup aims to reduce operating costs for enterprises running staking nodes and APIs as a service by up to 80%.
Gradient Ventures, Draper Dragon, Dragon Roark, Active Capital, Borderless HNT, and Renegade Ventures are among the investors.
BlockVisor, the startup’s patented blockchain node management software, allows users to run blockchain nodes on any infrastructure in an automated, cost-effective manner via a “point-and-click” user interface.
According to Carey, the team is currently working with a few cryptocurrency companies, including Binance, Crypto.com, and the Helium Foundation. It is also integrating new blockchains, such as Ethereum 2, Cosmos, Polygon, Solana, Algorand, and Avalanche. BlockJoy hopes to support about 25 blockchains by the end of its beta launch, according to Bruce.