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

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Crypto Regulation
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MitmerixCrypto 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.

MitmerixCrypto 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.

MitmerixCrypto 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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Simon Calder

Simon is outgoing young lad who likes adventures and discovering new things. Despite his boring life, He loves writing about cryptocurrencies and exploring what blockchain technology can do for the coming digital world where all adventures will be virtual.