TechFlow news, according to TheBlock, Sentio, a Web3 observability platform, has raised $6.4 million in seed funding at a $32 million valuation. The round was led by Lightspeed Venture Partners, with participation from Hashkey Capital, Canonical Crypto, Essence VC, and GSR Ventures.
The company will use the funds to operate its built infrastructure and expand its team. Observability measures a system's current state based on data generated by the system. In cryptocurrency, applications are built on smart contracts, and there is currently no standardized process for doing so, meaning many either develop internal solutions integrating fragmented third-party tools or operate without such monitoring.
Through Sentio’s software development kit, users can collect metrics and event logs based on smart contract events, transactions, traces, and states across blockchains including Ethereum, Aptos, Polygon, and Avalanche. Sentio handles the indexing process of this information, but users can then build dashboards to visualize such data. This enables them to monitor potential violations or issues and receive alerts about certain activities on the blockchain.Source link
