The Graph raises $50 million from Tiger Global and other investors

The Graph, the startup developing the eponymous protocol for querying and obtaining data from blockchains, raised $50 million following the investment round. The round was led by Tiger Global, CoinDesk reports.

FinTech Collective, Fenbushi Capital, Reciprocal Ventures and Blockwall Digital Assets Fund also provided the financing.

“We expect exponential growth in the amount of data stored on blockchains,” said John Curtius, a partner at Tiger Global.

The Graph compares itself to Google in the Web 3.0 world. The project uses open-source APIs that allow developers to easily access various blockchain data.

The Graph supports 26 networks, including Ethereum, NEAR, Arbitrium, Optimism, Polygon, Avalanche, Celo, Fantom, Moonbeam and IPFS.

The startup’s APIs are used by Uniswap, Synthetix, KnownOrigin, Gnosis, Balancer, Livepeer, DAOstack, Audius and Decentraland.

In December 2021, Graph Foundation announced the integration of the service with the Aurora protocol.

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