Subsquid Raises $17.5 Million and Partners with Google to Revolutionize Web3 Data Access

Subsquid, a Web3 data gateway, has joined forces with Google after raising $17.5 million in multiple funding rounds to establish an omnichain indexing solution. The partnership integrates Subsquid's SDK with Google BigQuery, enabling developers to seamlessly analyze robust blockchain data. Enterprise and data analytics platforms now have access to the extensive blockchain data.

Subsquid Revolutionizes Web3 Data Access with $17.5 Million Funding and Google Partnership

May 15, 2023 - Subsquid, the pioneering Web3 data gateway, has secured a remarkable $17.5 million in funding and forged a strategic partnership with Google, signaling a transformative leap in blockchain data accessibility.

A Lightning-Fast Funding Surge

In January, Subsquid's native SQD token sale shattered records on CoinList, becoming the platform's fastest-selling offering ever. Within a mere 19 minutes, 5% of the token supply was snapped up, generating $6.3 million.

This funding momentum soared in subsequent rounds, with Blockchange, Hypersphere, Zee Prime, DFG, and Lattice contributing substantial sums. Co-founder Dmitry Zhelezov hinted at an imminent token launch, though details remain under wraps.

The Google Catalyst

The partnership with Google represents a watershed moment for Subsquid. It will integrate its Software Development Kit (SDK) with Google BigQuery, enabling developers to effortlessly analyze robust blockchain data.

This integration unlocks unparalleled opportunities for enterprises and data analytics platforms, providing them with access to a wealth of blockchain insights.

"Subsquid is a game-changer, eliminating vendor lock-in and delivering data in a peer-to-peer fashion," Zhelezov declared. "It's a fundamental upgrade from the traditional centralized solutions that have monopolized data control."

Innovation at the Core

Subsquid's decentralized data lake and query engine lies at the heart of its mission to empower developers. It seamlessly integrates with blockchain networks, including Polkadot, Kusama, Ethereum, and Solana, providing essential data for building and testing decentralized applications.

A Proven Track Record

Subsquid's trajectory is marked by unwavering innovation. Its successful testnet drew an impressive 70,000 members and 20,000 indexers, while its integrations with Berachain, Neon EVM, CORE, and Starknet have cemented its industry presence.

The Future of Web3 Data

Subsquid's partnership with Google and its impressive funding success herald a transformative era for Web3 data. By eliminating barriers to access and empowering developers with unparalleled insights, Subsquid is unlocking the full potential of decentralized applications and laying the foundation for a more transparent and accessible Web3 ecosystem.