SubQuery has raised $9.0 million in a recent funding round, securing significant capital from investors to advance its decentralised infrastructure solutions. The company provides fast, flexible, and scalable infrastructure designed to support Web3's transition to an open, efficient, and user-centric future.
SubQuery's platform enables developers to concentrate on their core applications and front-end development, eliminating the need to build custom backends for data processing. This service currently powers teams across more than 115 blockchain networks, including major ecosystems such as Ethereum, Polygon, Base, BNB, Polkadot, Avalanche, Cosmos, Algorand, and NEAR.
This capital infusion is expected to accelerate SubQuery's development roadmap and enhance its platform capabilities. The company plans to use the funds for growth initiatives, including expanding its engineering team, investing in further research and development, and broadening its market reach within the rapidly evolving Web3 ecosystem.
The successful funding round underscores investor confidence in SubQuery's foundational technology and its critical role in supporting the development and scalability of decentralised applications. Looking ahead, SubQuery aims to solidify its position as a leading provider of Web3 infrastructure, continuing to empower developers and drive innovation across the blockchain space.
