TechFlow news, MachineFi Lab, the core developer of IoTeX, has raised $10 million in seed funding at a $100 million valuation. The round was led by Samsung Next, Draper Dragon Fund, and Jump Capital, with participation from HashKey Capital, IOSG Ventures, Escape Velocity, Goodwater Capital, Xoogler Ventures, WeMade, Hanwha, Alpha Grep, DHVC, Vista Lab, Ribbit Angel Fund, NewBuild VC, and other venture capital firms or funds, as well as several angel investors.
Reportedly, MachineFi Lab has built a comprehensive infrastructure suite, including an EVM blockchain, multi-chain wallet, bridges, the W3bstream computing engine, and the MachineFi onboarding platform and SDK (software development kit). These provide developers worldwide with Web3 tools to build game-changing decentralized applications and launch machine networks in months rather than years.
