Seismic Secures $7 Million in Funding Led by a16z Crypto

Seismic, an encrypted blockchain startup, secured $7 million in funding led by a16z Crypto, with contributions from Polychain, Alliance, and 1kx.

Key points include:

• The funding marks the first fundraising effort for founder Lyron Co Ting Keh.
• Seismic aims to address issues of forced transparency and limited scalability in crypto.
• Co Ting Keh emphasizes the importance of encryption being foundational rather than an add-on.
• The team plans to launch a developer testnet within a month and a mainnet by the end of the year.
• Funds will primarily support the mainnet launch.