Unto Labs Completes Funding Round of 14.4 Million USD
According to a report from Fortune on April 29, Unto Labs announced the completion of a funding round worth 14.4 million USD led by Framework Ventures and Electric Capital. The company is valued at 140 million USD. 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 capital will be used to expand the team as well as accelerate product development. This information is intended to provide market data and is not investment advice.
Source: https://tintucbitcoin.com/unto-labs-huy-dong-14-trieu-usd-cho-blockchain-risc-v/
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