Nirvana Labs Emerges With Seed Funding
Summary
INDIANAPOLIS, IN, Nirvana Labs, a pioneer in web3 infrastructure, announces the public launch of Nirvana Cloud from stealth, while securing seed funding from notable web3 investors and prominent angels. This influx of capital, coupled with the addition of seasoned human capital, will fuel the companys mission to democratize cost-effective, high-performance computing tailor made for a blockchain industry that is currently confronted with spiraling cloud costs. Dan Burke, previously Managing Director and APAC head at BitGo and Qredo, joins firm as CEO. Founded in 2022 by Devin Bandara, Nirvana Labs started with a straightforward mission: to build infrastructure that enables web3 entities to slash cloud costs, boost critical performance metrics like speed and availability, and reduce dependencies on conventional cloud services. Nirvana Labss core products such as its bare metal cloud and managed blockchain nodes deliver enlightening blockchain infrastructure to web3, democratizing high performance computing for all participants in the web3 ecosystem.
Funding
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