TechFlow, April 29 — According to Fortune, Unto Labs has announced a $14.4 million funding round led by Framework Ventures and Electric Capital, valuing the company at $140 million. Unto is developing its own blockchain and a proprietary virtual machine called ThruVM based on the RISC-V architecture, aiming to improve compatibility with traditional hardware and lower the barrier to entry for non-crypto developers. The funds will be used to expand the team and accelerate product development.
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