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# Blockchain startup Hyperlane secures $18.5 million in funding
- URL: https://www.techloy.com/blockchain-startup-hyperlane-secures-18-5-million-in-funding/
- Published: 2022-09-22T13:40:48.000Z
- Updated: 2022-09-22T13:40:48.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: Blockchain, Hyperlane

A startup that is helping developers connect applications across blockchains, [Hyperlane,](https://functional.works-hub.com/companies/abacus-network) has raised $18.5 million in its seed funding round led by Variant, a crypto-focused investment firm. 

- The fund will be used to hire more talents, enhance product development and security, including bug bounties and additional audits for the blockchain startup, Jon Kol, Hyperlane co-founder says.
- Hyperlane is a blockchain-focused platform that provides developers with a messaging application programming interface (API) and software development kit (SDK) to easily build apps that can be accessed from any blockchain.
- The platform is adding new features such as Interchain Accounts and aims to launch Sovereign Consensus features soon, a feature that expands the way developers can configure cross-chain communication.
- The Connecticut-based blockchain firm was co-founded by Asa Oines, Nam Chu Hoai, and Jon Kol. Morgan Beller (NFX Partner) and Zaki Manian (Cosmos blockchain co-creator) advised Hyperlane on the deal.
- Galaxy Digital, CoinFund, Circle, Figment, Blockdaemon, Kraken Ventures, and NFX invested in the seed funding round.