Nirvana Labs Raises $6 Million to Build Next-Gen Web3 Infrastructure
Crypto News
Terence Zimwara
Nirvana Labs Raises $6 Million to Build Next-Gen Web3 Infrastructure
Nirvana Labs announced a $6 million seed extension, co-led by Crucible Capital and Jump Crypto, bringing its total funding to $11.8 million.
Nirvana Labs Raises $6 Million to Build Next-Gen Web3 Infrastructure
Building Next-Generation Web3 Infrastructure
Nirvana Labs, a high-performance bare metal cloud provider designed for Web3, has announced a $6 million seed extension co-led by Crucible Capital and Jump Crypto. The latest round brings its total funding to $11.8 million. The round also saw participation from RW3 Ventures, Castle Island, and Hash3. As part of the funding deal, Meltem Demirors, the GP of Crucible Capital, will join Nirvana’s board.
According to a statement, the fresh capital injection is expected to advance Nirvana’s mission to build next-generation Web3 infrastructure from silicon to network, reducing reliance on hyperscalers and legacy clouds. CEO Dan Burke emphasized Nirvana’s vision for a decentralized internet, stating:
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.
Operating in 11 global data centers and managing over 2,000 TB of blockchain data, Nirvana powers leading protocols, decentralized applications (dApps) and high-frequency trading platforms. The statement adds that it is trusted by Bitgo, Thirdweb and Goldsky, as well as blockchain foundations like Berachain, Avalanche and IOTA.
Meanwhile, Demirors noted the rising costs of blockchain infrastructure and Nirvana’s ability to cut reliance on legacy cloud providers.
“All crypto networks and applications consume immense amounts of compute, storage and bandwidth, and the industry relies on hyperscalers 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,” Demirors stated.
According to Nirvana, the latest funding round will also drive expansion in chipsets, NVMe storage and next-generation networking. The objective is to ensure high-speed and scalable infrastructure to support the growing demands of Web3 applications.
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