Artela, a Fremont, CA-based provider of an extensible blockchain network, raised $6M in seed round funding.
The round was led by Shima Capital, with participation from A&T Capital, Big Brain Holdings, SevenX Ventures, Dispersion Capital, Amino Capital, and others.
The company intends to use the funds to accelerate its technology development, grow the team, and drive market expansion efforts.
Led by CEO and Founder Jerry Li, Artela is an extensible blockchain network enabling developers to build feature rich dApps. The company is dedicated to enhancing the extensibility of blockchain, empowering developers to customize their apps in a modular manner and driving faster innovations in Web3. Its design allows developers to build native extensions on top of the blockchain’s base layer in a modular manner, enabling more on-chain programmability.
Artela has an extension layer allowing the addition of a user-defined native extension called Aspect, which enhances programmability while ensuring compatibility with existing smart contracts. The company plans to publish the Aspect white paper and launch the initial testnet later this year.
