Mnemonic has raised $6 million for its NFT smart platform. San Francisco-based Mnemonic is deploying its NFT intelligence platform for producers, brands and institutions in the Web3 space. The platform simplifies the process of reading, searching, collecting and analyzing blockchain data, enabling developers to quickly launch their products. The startup announced that it has received $6 million in seed funding in an additional round of investment led by Salesforce Ventures. With participation from Polygon Ventures, Orange DAO, FIN Capital and FJ Labs, the total investment raised by the company so far amounts to $10 million. The company had received $4 million in seed funding in late 2021 from Kenetic Capital, Monochrome Capital, Sound Ventures and Tribe Capital.
The funding will be used to expand the capabilities and increase reach of Mnemonic’s API suite, which supports Web3 wallets, social media, analytics tools and Web3 marketing platforms. The product roadmap will be accelerated to meet the deeper insights requested. The funding will also be used to strengthen Mnemonic’s partner ecosystem and help enable partners to leverage powerful analytics and intelligence capabilities on Web3 more quickly.
Additionally, Salesforce will integrate Mnemonic into its supplier list to help brands deepen customer relationships with access to first-party data and powerful analytics.
Andrii Yasinetsky, CEO and Co-Founder of Mnemonic, said, “We’ve built a solid foundation, but Web3 is such a data-filled ecosystem and we’re just scratching the surface of what’s possible yet. “This additional capital funds our ambitious vision to unlock the full potential of Web3 for organizations of all sizes to deliver exceptional experiences, personalized rewards and effective communities.”
“We are delighted to invest in innovative companies building scalable business solutions for Web3 from organizations that want to understand and use Web3 – including Mnemonic’s data and analytics platform,” said Laura Rowson, Senior Partner, Salesforce Ventures.
WHAT IS MNEMONIC? WHO ARE THE FOUNDERS?
Mnemonic was founded in 2021 by Andrii Yasinetsky and Elena Ikonomovska. The female-led company started with a team of engineers, creators, and entrepreneurs with decades of diverse experience in large-scale infrastructure development, big data, machine learning, artificial intelligence, data science, and product design at iconic tech companies like Uber, Google, Nest, and Reddit. case.
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