Automata Network Secures $2.4 Million As The Privacy Solution Expands to Binance

Automata Network is flying high as the top dog in the privacy solution space for web3 dApps, having just completed a raise of $2.4 million. The latest funding round included top crypto investors KR1, Jump Trading, and IOSG Ventures. Keld van Schreven, Managing Director and Co-Founder of KR1, said of their investment, He continued: So what of Automata Network’s vision? We know that with the development of web3 comes the restructuring of online transactions and the ecosystem as we know it, but Automata Network is part of the Berkeley Blockchain Xcelerator 2021, a recipient of the Web3 Foundation grants program and just raised $1 million in March for their seed round before the latest $2.4 million boost. Privacy, Tailored to Your Protocol Automata Network provides self-described traceless privacy, high assurance and frictionless computation. By taking actions off-chain, Automata is able to reduce the miner extractable value (MEV) by using Conveyor.…

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