Privacy-first cross-chain compute protocol Automata raises $2.4M

Automata Network, a cross-chain privacy protocol for decentralized applications (dApps), officially announced earlier this week that it has raised USD $2.4 million.

The investors participating in the round include KR1 and IOSG Ventures and Jump Trading.

“From the team’s technical progress to partnerships made one after the other with the industry’s leading and most active projects; it was apparent that Automata had both the vision and the ability to execute it right on the mark. Our support of Automata Network speaks to our commitment to the sustainable development of a privacy-focused Web3 economy.”
– Keld van Schreven, Managing Director and Co-Founder of KR1

In the last months, Automata Network was selected into the 2021 Berkeley Blockchain Xcelerator from over 200 applications, the team also launched its development app – Witness, which has swiftly formed partnerships with projects including Plasm, Clover Finance, and Crust.

Moreover, Automata Network is live on Ethereum and Binance Smart Chain. Additionally, a Miner Extractable Value (MEV) Wiki has been published.

“We believe that making a break away from centralized infrastructure is only the beginning and that offering developers and users an intuitive, seamless experience to make privacy a built-in option along their data journey is the only way to move forward.”
– Deli Gong, Co-Founder of Automata Network

Operating as a decentralized service protocol; the Automata Network platform provides privacy middleware for Web3 dApps to achieve traceless privacy, high assurance, and frictionless computation.