Unto Labs Completes $14.40 million Funding

Unto Labs announced the completion of a $14.40 million financing led by Framework Ventures and Electric Capital, valuing it at $140 million. Unto is developing its own blockchain and self-developed virtual machine ThruVM, based on the RISC-V architecture, to improve compatibility with traditional hardware and lower the barrier to entry for non-crypto developers. The funds will be used to expand the team and accelerate product development.