Ex-Google Exec Launches Web3 Firm nxyz, Secures $40M from Paradigm & Coinbase Ventures

Former Google executive Sridhar Ramaswamy, who handled Google’s ad business, is launching a new Web3 firm, nxyz platform. Today, nxyz announced it has secured a $40M Series A led by Paradigm, with participation from Coinbase Ventures, Greylock Partners, and Sequoia Capital. This significant funding underscores the growing investor confidence in Web3 data infrastructure.

nxyz: Lightning-Fast Data Infrastructure for Web3

SAN FRANCISCO–(BUSINESS WIRE)–nxyz, the web3 platform that enables lightning-fast data infrastructure for blockchains, today emerged from stealth and announced its successful Series A. The nxyz platform will allow fast data infrastructure for developers building on Web3. El proveedor de infraestructura de datos basado en Web3, nxyz, recaudó $40 millones en una ronda de financiación de la Serie A dirigida por la empresa de inversión enfocada en Paradigm, with strong backing from leading venture capital firms and strategic partners like Coinbase.

Paradigm Leads $40M Investment in nxyz

The $40M Series A funding led by Paradigm highlights the critical need for robust and efficient data solutions within the expanding Web3 ecosystem. With participation from Coinbase Ventures, Greylock Partners, and Sequoia Capital, nxyz is positioned to become a key player in providing the infrastructure required for Web3 applications to scale. Sridhar Ramaswamy\'s experience at Google positions him well to lead this new venture.