Irys Secures $10M In Series A Round

The funding round was led by CoinFund, with support from Hypersphere, Tykhe Ventures, Varrock Ventures, Breed VC, Echo Group, Amber Group, and WAGMI Ventures.

The company plans to use the investment to grow its operations and accelerate development of its blockchain technology and products.

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Founded in 2021, Irys offers an all-in-one blockchain solution that combines data storage and execution in one platform. Designed for data-driven dApps, it uses a multi-ledger system to handle both temporary and permanent data securely and accessibly.

Its EVM-compatible IrysVM allows fast, cost-effective real-time data handling. This makes development easier, improves scalability and ensures predictable pricing for transactions and storage. Irys empowers developers to build flexible, secure and future-proof dApps efficiently.

Irys is a blockchain platform where data is both stored and programmable, enabling smart contracts and AI agents to interact with data directly onchain. Data is first validated on the Submit Ledger, then moved to the Publish Ledger for long-term, verifiable storage. Additional ledgers with customizable storage durations are planned.

Irys is developing IrysVM, a high-performance, EVM-compatible execution layer that integrates data storage and computation seamlessly. Smart contracts on IrysVM can enforce rules on programmable data, allowing AI models, inference proofs, and datasets to be securely managed entirely onchain, enhancing flexibility and control.

About Irys

Irys offers an integrated blockchain solution combining data storage and execution, using a multi-ledger system and EVM-compatible IrysVM for scalable, verifiable, and cost-effective development of secure, flexible, and future-proof data-driven dApps.