Permissionless Labs has closed a $10 million Series A led by Multicoin Capital, with participation from Solana Ventures and co-founder Anatoly Yakovenko. The funding will be used to hire for marketing and engineering positions, expand the network’s site distribution, and launch a private beta and test network at Breakpoint, the Solana developer conference. Permissionless Labs aims to create a decentralized digital content distribution system to challenge the existing centralized model through innovative CDN technology.
Key Points
- Multicoin Capital leads Permissionless Labs’ $10 million Series A.
- Solana Ventures and Solana co-founder Anatoly Yakovenko also participated in the round.
- Permissionless Labs is a core contributor to Pipe Network, a permissionless content delivery network built on Solana.
- Proceeds will be used to expand the marketing and engineering talent team, as well as expand the network’s site coverage.
- Permissionless Labs plans to launch a private beta and test network at Solana's annual developer conference.
- Pipe Network is designed to handle enterprise-grade traffic and introduce edge video ad insertion technology.
- Permissionless Labs seeks to challenge the existing centralized digital content distribution model through innovation.
