Founded in 2019, Metrika raised a seed fund of $3.7 million to launch its products. On Tuesday, 21st of September, Metrika unlocked another level of success as it shared with the public that it raised $14 million in a just concluded Series A funding round. Thus making the total of Metrika’s funding to be $17.7 million.
Metrika is a Startup that provides hardcore infrastructures for Blockchain analytics, monitoring, networking. More importantly, Metrika hopes to ensure the mainstream adoption of Blockchain. The clients of Metrika include the popular Algorand and Solana.
Metrika gives them an intelligence report about their blockchain. This may be concerning a potential technical hitch, operational risk, and health of their ecosystem. Furnished with these reports, the blockchains can take action to always maintain their safety.
According to the release, Neotribe Ventures led all the investors, both the new and the old, in achieving this round. The other investors are Nyca Partners, Samsung NEXT, SCB 10X, Coinbase Ventures among others.
The spokesmen of two of the investors aired their reasons for investing in Metrika. The Founder of Neotribe Ventures, Swaroop Kolluri, said the reason the firm invested in Metrika was because of the void its “elegant architecture fills in the development, growth and integration of Blockchain.”
“Just like you would never employ a network solution that constantly failed or had security risks for your customers, companies will need to do the same analysis for a distributed network. But how, in fact, would you do that? That’s what Metrika figured out…” says Hans Morris of Nyca Partners.