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Subsquid Secures $17.5M and Teams Up with Google Ahead of Token Launch

Subsquid has announced that it has raised $17.5M in funding to build out its omnichain indexing solution. The Web3 indexing provider has also integrated its SDK with Google BigQuery, enabling developers to analyze powerful blockchain data.

The integration of Subsquid with Google provides a powerful blockchain data source for enterprises and big data analytics. Already, Subsquid Network is fully integrated with Google BigQuery via its Squid SDK, enabling developers to analyze blockchain data with Google’s tech.  

This follows a successful testnet that attracted over 70,000 participants who deployed over 20,000 indexers to the network, and a number of major integrations including Berachain, Neon EVM, CORE, and Starknet.

Subsquid’s $6.3M community sale, which finished in 19 minutes, making it the fastest CoinList sale ever, has capped a total raise of over $17.5M and brought in thousands of new token holders. Recent rounds saw investments from Blockchange, Hypersphere, Zee Prime, DFG, and Lattice.

“Helping to build networks is one of our primary purposes at Hypersphere. By investing in Subsquid, we are ensuring that network and protocol developers always have access to the data they need to build. Subsquid reduces data costs for at scale deployment for many of the most popular blockchains and developer communities in the industry,” said Jack Platts, Co-Founder, Hypersphere.

“With our token launch just around the corner, this is just the beginning of the next generation of the open internet: Permissionless data access for anyone building in the Web3 space,” said Subsquid co-founder Dmitry Zhelezov. “By eliminating vendor-lock and serving data in a P2P manner, Subsquid is a game-changer, and a fundamental improvement over the status quo of centralized solutions that have full control over the data.” 

About Subsquid

Subsquid Network is a decentralized data access layer and data lake around which the Subsquid ecosystem is built. It offers developers permissionless, cost-efficient access to on-chain data from over 100 chains and is integrated into a large ecosystem of Web2- and Web3-native developer tools.