On-Chain Data Firm Iris Secures $8.9M Funding to Bolster Data Infrastructure

IconCryptoNewsTerminal Staff13 Jun, 2024

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On-Chain Data Firm Iris Secures $8.9M Funding to Bolster Data Infrastructure

Iris, a leading on-chain data development firm, has secured a total of $8.9 million in funding. The latest investment round was led by Lemniscap, with participation from Framework, Primitive Ventures, Hypersphere, Permanent Ventures and EV3. The specific amount of funding raised was not disclosed. Iris plans to utilize the funds for improving data processing capabilities, enhancing storage efficiency, expanding infrastructure and forging strategic partnerships. This investment further validates the growing importance of on-chain data in the digital asset industry. Iris's platform enables businesses to access and analyze blockchain data, providing valuable insights into market trends, investor behavior and other key metrics. With its enhanced capabilities, Iris is well-positioned to meet the growing demand for on-chain data solutions. The firm's platform is expected to become even more powerful and user-friendly, allowing businesses to harness the full potential of blockchain data for informed decision-making.

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