Nirvana Labs, the “high-performance” bare metal cloud purpose-built for Web3, has raised a $6M seed extension co-led by Crucible Capital and Jump Crypto, “bringing its total funding to $11.8M.”
The funding round also includes participation “from RW3 Ventures, Castle Island, and Hash3.”
Meltem Demirors of Crucible Capital will join Nirvana’s board.
This funding advances Nirvana’s mission to “build Web3 infrastructure from silicon to network, reducing reliance on hyperscalers and legacy clouds.”
Since January 2024, Nirvana has reportedly grown revenue “26x by delivering dedicated compute, low latency storage, and private edge traffic for the blockchain industry’s demanding workloads.”
Its cloud stack — combining “crypto-optimized bare metal hardware, custom networking, and high-speed storage — replaces the need for general-purpose cloud providers and slashes cloud infrastructure spend by over 65%.”
Operating across 11 global data centers and managing “over 2,000TB of blockchain data, Nirvana powers leading protocols, dApps, and HFTs with dedicated, high-throughput infrastructure.”
“Trusted” by firms like BitGo, Thirdweb, and Goldsky, and foundations including Berachain, Avalanche, and IOTA, Nirvana delivers “low-latency hosting and managed services—from storing archive nodes to running ultra-high RPS chains—all while cutting costs and outperforming legacy clouds on IOPS, clock speed, and network efficiency.”
Dan Burke, CEO of Nirvana Labs says:
“Cloud wasn’t built for Web3 — we’re rebuilding it from the ground up, powering the compute, storage, and transport layer for a decentralized internet that actually performs. With this latest round of funding, we are poised for continued growth and awareness of our mission to provide access to high performance computing for the web3 industry.”
Meltem Demirors, GP of Crucible Capital, remarked:
“All crypto networks and applications consume immense amounts of compute, storage, and bandwidth and the industry relies on hyperscalars to provision these services, racking up massive bills and creating deep dependencies. Nirvana is a crypto native cloud provider with a proprietary bare metal footprint that co-locates high throughput storage with compute, reducing the cost and complexity of blockchain infrastructure operations.”
This latest round will accelerate Nirvana’s “expansion of the latest chip sets, NVMe storage capacity, and networking breakthroughs to continue delivering scalable, high-performance infrastructure for the decentralized internet.”
Key Highlights:
- Funding: $6M seed extension co-led by Crucible Capital and Jump Crypto
- Traction: 26x revenue growth (CAGR = 1,436%) since Jan 2024
- Scale: 11 global data centers, 2,000TB+ of blockchain data under management
- Cost Advantage: Egress 90% cheaper than major cloud providers
Performance: Enhanced clock speeds, CPU utilization, IOPS, and reduced jitter - Customers: “Trusted” by BitGo, Goldsky, Thirdweb, Paxos, Flipside, and more
Nirvana Labs is described as the “high-performance cloud purpose-built for Web3 — delivering bare metal speed, dedicated infrastructure, and radically cheaper bandwidth for the world’s most demanding blockchain workloads.”
Crucible is an investment firm focused on “the convergence of energy, compute, and crypto.”
They back founders building a future where “energy, compute, connectivity, and other digital commodities are traded onchain in global, permissionless markets with deep liquidity. ”
Jump Crypto is part of the Jump Trading Group, “a research-driven quantitative trading firm and one of the largest traders, by volume, across asset classes.”
Jump Crypto is also a key infrastructure builder and R&D contributor to the crypto ecosystem and is pleased “about the prospects of Web3 and blockchain technology to revolutionize open, community-driven networks.”