Unto Labs Completes $14.4 Million Funding Round

According to a report from Fortune on April 29, Unto Labs announced the completion of a $14.4 million funding round led by Framework Ventures and Electric Capital. The company was valued at $140 million. Unto Labs is developing a separate blockchain along with the ThruVM virtual machine, based on RISC-V architecture, aimed at improving compatibility with traditional hardware and lowering barriers for developers outside the cryptocurrency field.

The raised funds will be used to expand the team and accelerate product development. This information is solely for market data purposes and is not investment advice.

Source: https://tintucbitcoin.com/unto-labs-huy-dong-14-trieu-usd-cho-blockchain-risc-v/

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