TechFlow news — On August 13, Reddio, a high-performance parallel Ethereum Layer2 network, announced the completion of its seed round financing co-led by Paradigm and Arena Holdings.
The project was founded by Neil, a graduate of Stanford Graduate School of Business and National University of Singapore. He previously served as Twilio’s APAC employee #003, General Manager for PingCAP’s Eurasia region, and lecturer at Nanyang Technological University. A pioneer advocate of early zk-scaling technologies, he has contributed open-source scaling solutions for networks such as Starknet.
The team’s prior development includes a high-performance distributed database currently in long-term use by Bybit, OKX, and Square. Given Reddio’s primary focus on parallel processing and hardware acceleration, GPU miners will be able to participate in running Reddio nodes in the future.
Reddio has already launched its staking and task system. The project also disclosed that it will soon announce the results of its new Series A funding round, which will include participation from multiple well-known institutions.
