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Blockchain Startup Metrika Raises $14M in Series A Funding from Coinbase Ventures and Others

UTC by Juhi Mirza · 3 min read
Blockchain Startup Metrika Raises $14M in Series A Funding from Coinbase Ventures and Others
Photo: Unsplash

Metrika, an operational monitoring tool company for blockchain networks, has decided to use this funding to help strengthen its platform and expand its existing blockchain intelligence technology.

Blockchain startup Metrika in an announcement made on Tuesday has stated that the $14M funding secured in the Series A round will be utilized to further expand its user base. The funding round was led by prominent companies such as Neotribe Ventures, in association with Coinbase Ventures, Samsung NEXT, Nyca Partners, and others as participants.

CEO of Metrika Nikos Andrikogiannopoulos has commented that the freshly acquired capital will be used in adopting new marketing strategies and will assist in devising modern operational blockchain mechanisms to boost their existing portfolio.

Metrika Aims to Become a Leading Name in the Domain of Blockchain Intelligence Technology and Analytics

Metrika has plans to make its blockchain technology analytics more refined and accurate in terms of monitoring and evaluation. The company is in the process of establishing itself as a major tech startup that facilitates cutting-edge blockchain intelligence services for other industries.

At present, Metrika accommodates high-profile clients and enterprises as its customers such as Blockdaemon, Solana, Algorand, and Dapper Labs. In simpler terms, the company is well proficient in delivering operational intelligence services to industries that will enable them to monitor their network performance and fix irregularities to offer a smooth blockchain experience.

Earlier the company had acquired $3.7M in a seed round. Over the years, Metrika has successfully raised $17.7M and continues to carve its niche as a sturdy blockchain startup that intends to revolutionize the existing blockchain tech mechanisms.

With the advent of Decentralized financing, there has been a notable surge in the need of adopting blockchain intelligence technology and tools to help establish equilibrium and ease in conducting DeFi transactions. As per Cointelegraph, the demand is said to have exceeded beyond and is not restricted to only market participants but also includes regulators as well. Last month, it was reported by a spokesperson associated with blockchain analytics AnChain.Al that the United States Exchange and Securities Commission (SEC) had offered a sum of $125,000 to a company to oversee and regulate its DeFi proceedings.

Blockchain analytics is also making its way towards the payment sector. As people are becoming more adept with cryptocurrencies, it becomes essential for enterprises to incorporate and upgrade their existing blockchain tech to boost their company’s performances and conduct smoother and faster network transactions. According to Andrikogiannopoulos, Metrika is also looking forward to recruiting skilled personnel and is currently hiring fresh new faces to head its major internal departments including software development, product management, analytics, sales, and marketing.

Blockchain News, Business News, Investors News, News, Startups
Juhi Mirza
Author Juhi Mirza

Juhi Mirza is an archaeology major who is obsessive about blockchain/Crypto technology and deems it to be the foundational philosophy of the future. Her dogged ability to research and crystallise technical facts/multiple perspectives into rivetting stories makes her an accessible finance writer. She tends to her archaeological pursuits and loves unearthing the past over the weekends.

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