A wide variety of firms had successful raises this week, including one developing a decentralized alternative to Google Docs
The funding round brings the company’s valuation to $1.6 billion
InfStone said its fresh injection of capital from the extended Series B would help it bolster its team and focus on enterprise-wide expansion
The fresh injection of capital will go to further the platform’s offerings, including a developer fund and a DAO for Web3 community grants
The company’s new proceeds will in part go toward further bridging centralized finance and DeFi via its recently announced project CelsiusX, the company said.