Ellipsis Labs Secures $21M

Ellipsis Labs, a verifiable finance company based in New York, has raised $21 million. This funding is set to propel the company's blockchain development and support its expansion in the finance sector. Here’s a breakdown of what’s happening:

• Funding Details: Ellipsis Labs raised $21 million in this round, marking a significant boost to their growth potential. The funding was led by Haun Ventures, with contributions from established investors including Electric Capital, Anatoly Yakovenko, and Paradigm.

• Strategic Use of Funds: This expansion will allow them to accelerate the creation and scaling of Atlas, a blockchain tailored specifically for verifiable finance.

• Broader Impact on Finance: Ellipsis Labs’ work promises a more sustainable finance ecosystem by making transactions verifiable and transparent. Their technology aims to reshape how financial interactions and data are managed in a decentralized way.

Ellipsis Labs is establishing its role as a key player in the blockchain finance sector.