Decentralized infrastructure provider Ephemera announced today the successful closure of its Series B funding round, raising $20 million. The round was spearheaded by prominent investors Union Square Ventures (USV), a16z Crypto, and Lightspeed Faction.
This significant investment is earmarked for accelerating the development of Ephemera’s core technologies. The capital will primarily fund enhancements aimed at improving the network’s scalability and fortifying its security infrastructure.
Ephemera’s core mission remains focused on pioneering advancements in digital communication networks. The company specifically aims to bolster user privacy and foster greater interoperability within decentralized systems, leveraging the newly secured funds to advance these critical objectives.