The bloXroute Labs team has closed a $70M Series B funding round led by SoftBank Vision Fund 2. The money will be used to improve high-frequency trading in DeFi.
Dragonfly Capital, ParaFi Capital, Lightspeed, Venture Partners, GSR, Jane Street, Flow Traders, RBF Capital and others have also participated in the round.
The bloXroute Labs valuation following the fund raising has not been disclosed. The total amount of funds raised by the company has reached $95 million.
The firm will use the funding received to increase its staff from the current 30 to 100.
The developed BackRunMe solution allows for confidential transactions that are resistant to front-running and sandwich attacks. Users manage to avoid network congestion and quickly receive important trading information such as market orders.
