Tech Company Financing Transactions
Cosmic Wire Funding Round
Polygon and Solana Foundation participated in a $30 million Seed capital raise for Cosmic Wire. This venture round closed on 7/19/2023.
Transaction Overview
Company Name
Announced On
7/19/2023
Transaction Type
Venture Equity
Amount
$30,000,000
Round
Seed
Investors
Polygon (Lead Investor)
Solana Foundation (Lead Investor)
Proceeds Purpose
The funds raised will propel Cosmic Wire's decentralized applications, which serve as the foundational operating system for today's Web3 ecosystem. Notably, cross-chain technology will enable seamless data transfer and interoperability across different blockchains.
Company Information
Company Status
Private & Independent
Industry
Blockchain
Mailing Address
1521 Alton Rd 718
Miami, FL 33139
USA
Miami, FL 33139
USA
Phone
Undisclosed
Website
Email Address
Overview
Cosmic Wire is a leading technology company at the forefront of Web3 innovation and blockchain solutions. The company utilizes its proprietary technology and decentralized applications to create the backbone operating system powering today's Web3 ecosystem. With patented volumetric mesh technology and a patent-pending file format, compression algorithm, and codec, Cosmic Wire allows for live streaming of volumetric captured content in high-fidelity worlds in a standard web browser via cloud-based GPU rendering. Cosmic Wire's unrivaled technical advancements are the infrastructure and underlying framework transforming the fabric of Web3 and revolutionizing the functioning of the Internet.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jerad Finck
Chief Technical Officer
Greg Parker
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Our team works diligently to report on funding rounds that are announced publicly. VC investment data records reported here come from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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