10:38:23 AM PDT - Thursday, August 11th, 2022

Former Palantir engineers raise $20M to simplify web3 tooling  

By Editor - Thu Aug 04, 5:54 am

Kurtosis , a crypto-focused developer tool system, has raised $20 million in a Series A round led by tech-focused hedge fund Coatue . Investors in the round include Coinbase Ventures, the Chainsmokers’ Mantis VC and angel investor Olivier Pomel, who is the CEO and founder of Datadog, among others. The round comes about two years after its $2.5 million seed round in August 2020, which was led by Signalfire with participation from Hustlefund, Alchemy Ventures, Figment, and NEAR protocol’s co-founder Ilia Polosukhin. The two-year-old company was founded by former Palantir engineering leads Galen Marchetti and Kevin Today in hopes to simplify the tools for developers building on web3. It currently provides services for the Ethereum, Avalanche and NEAR ecosystems. “We needed to raise capital because the company started as just me and my co-founder and the more we learned about the problems people are facing in these [blockchain] environments, the more we realized the software we would have to build as two developers would take us five years, which is way too long,” Marchetti said

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Former Palantir engineers raise $20M to simplify web3 tooling

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