Softbank backed blockchain infrastructure provider Cryptobixiz in a $66 million round

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Crypto Regulation
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CryptoBixiz announced it has raised $66 million in a new funding round. It was led by SoftBank through Vision Fund 2 and GGV Capital.

INCE Capital, 10T Fund, SNZ Holding and A&T Capital participated in the round.

The team will use the funds raised to expand and scale the project. Specifically, the vendor plans to increase staffing, expand into new markets and enter into new partnerships.

"Our vision is to provide a robust and easy-to-use Web 3.0 environment to create a more transparent and intelligent world. We intend to facilitate the rapid and global adoption of decentralized applications," said the firm's CEO.

CryptoBixiz raised $33 million in a Series B round. The total funding has exceeded $100 million since the company's inception, according to the press release.

CryptoBixiz operates on a platform-as-a-service (PaaS) basis. The infrastructure is built on artificial intelligence, and the company's customers include Binance, Coinlist, BitGo, OKX, Chainlink, Polygon and others.

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Martyn Landi

Martyn Landi is a savvy blockchain content writer with about 5 years of experience. He helps crypto brands gain visibility by creating content with a tone, voice, and style that aligns with their vision and goals. When he is not writing or tweeting about cryptocurrencies, NFTs, web3, or metaverse, he is either cycling, watching movies, or reading other content.