Blockchain Adoption Startup Oasis Labs Raises $45 Million

Oasis Labs closed $45 million from a16zcrypto, Accel, Binance, DCVC (Data Collective), Electric Capital, Foundation Capital, Metastable, Pantera, and Polychain. The company garnered investment support from a wide spectrum of the blockchain ecosystem including venture capital, crypto funds and hardware manufacturers.

Founded by academic and entrepreneurial leaders, Oasis Labs is designing a platform to enable sophisticated, computationally-intensive and privacy-sensitive services such as machine learning to overcome performance, security, and privacy limitations that hamper blockchain adoption.