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Unto Labs completed a $14.4 million financing to develop a new type of Blockchain based on RISC-V.

DailyNews

PANews April 29 news, according to Fortune, Unto Labs announced the completion of a $14.4 million financing led by Framework Ventures and Electric Capital, with a valuation of $140 million. Unto is developing its own Blockchain and self-developed Virtual Machine ThruVM, based on the RISC-V architecture, aiming to enhance compatibility with traditional hardware and drop the entry barriers for non-encryption developers. The funds will be used to expand the team size and accelerate product development.

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