TEL AVIV, Israel--(BUSINESS WIRE)--SendBlocks, a pioneering startup in blockchain data management, announced today that it is coming out of stealth mode with $8.2 million in seed funding.
SendBlocks makes accessing blockchain data simple. The SendBlocks platform is fully customizable allowing blockchain enterprises, ecosystems, protocols and applications to define the data that matters to them, and leave it to SendBlocks to sift through the blockchain to find their nuggets.
As high throughput blockchains emerge, many new use cases for blockchain-based applications are becoming evident thanks to better usability and cheaper transaction cost. “At the end of the day we want to create a reality in which any developer can access any blockchain data they desire, without needing an entire data team or spending thousands of dollars per data need to do so,” shares Itay Shrem, Co-founder & CEO.
Existing clients (that can be disclosed) include Bancor and SphereX who have already benefited from SendBlocks' innovative solution, experiencing streamlined operations and cost savings. With more and more high throughput blockchains emerging, SendBlocks is positioning itself to become the leading data management platform.
“We believe that starting out in web3 shouldn't necessitate an extensive data team and that infrastructure costs should align with the application's user base rather than the blockchain's throughput,” says Michael Kellner, Co-founder & CTO. “Merely scaling the blockchain isn't sufficient; the entire stack must be scalable to support the next generation of applications,” he adds.
SendBlocks' innovative approach addresses these challenges head-on. Shrem and Kellner, having spent over a decade each in Talpiot are now leveraging their experience in building secure and resilient infrastructures.
SendBlocks aims to significantly reduce backend and indexing efforts for blockchain developers while maintaining flexibility and robustness by consolidating the conventional indexer/RPC process into a single, user-friendly platform.
Some simple use cases of the SendBlocks platform have already been a game changer for clients, such as flexible historical data access and fully personalized notifications. By providing customers access to anything happening on-chain, SendBlocks helps developers save billions of API queries, resulting in leaner data teams, regardless of the underlying blockchain.