Unto Labs Raises $14.4M in Funding, Led by Framework Ventures and Electric Capital

On April 29th, as per Fortune magazine, the crypto company Unto Labs, founded by a former employee of Crypto Jump, has successfully completed a financing round of $14.4 million. This round was led by Framework Ventures and Electric Capital, and the company is valued at $1.4 billion. Heeger is developing his own virtual machine, ThruVM, for the planned Unto blockchain, which will utilize RISC-V. Unto Labs will utilize this round of financing to recruit more employees, aiming to expand the team from 5 people to 10 people by the end of the year. Liam Heeger previously served as a core engineer at Jump Crypto for two years and was involved in developing the company's flagship product, Firedancer (a computer system connected to the Solana blockchain). In January of this year, Heeger left to start his own business and immediately faced a lawsuit from his former employer, who accused him of establishing a "competitive business." Now, after reaching a settlement, Heeger has announced his new project.