This article is from es.cointelegraph.com and the original article can be read here
The Argentine startup, SenseiNode, raised USD 3.6 million in its first round of investment. The round closed in November of last year was led by Borderless Capital, along with Newtopia VC and Spice VC. In addition to some individual investors, including Miguel Santos (Technisys), MartĂn Migoya (Globant, MatĂas WolosKi (Auth0), Esteban Ordano (Descentreland), among others. As reported by the company in a press release.
According to what was reported, the capital raised will be used to develop its node management platform and attract new talent.
The startup focuses on creating validator nodes, that is, providing blockchain infrastructure in Latin America, promoting “democratization and decentralization in the ecosystem in the region”, in order to benefit entrepreneurs, financial institutions and companies, they detailed in the note.
In this context, Pablo Larguia, co-founder and CEO of SenseiNode explains that:
“Our main objective is to open opportunities in Latin America so that the community of entrepreneurs and institutions that want to offer crypto services can have the infrastructure to develop their projects. SenseiNode thus becomes the business highway for a more decentralized and inclusive blockchain world.”
The startup, through its platform, “simplifies the process of incorporating companies to scale their businesses”. In addition to providing simple deployment development, configuration and node monitoring with institutional level security, minimizing turn-up time without “sacrificing performance”.
They also explained that the nodes are connection points to the network and host a copy of the blockchain data, with which they validate the transactions and verify information and that it is these nodes that “enable interaction between peers” on the network.
In this regard, David Garcia, Managing Partner Borderless Capital, stated that the startup will accelerate the growth of the blockchain economy in the region, facilitating “access to nodes and infrastructure.”
“I am convinced that the founding team of SenseiNode has the experience and track record to lead the blockchain infrastructure in the region”, he claimed.
The potential in Latin America
“Latin America has a great opportunity ahead of it in the blockchain revolution on a global scale. Today there are few nodes in the region and that generates congestion in transactions. The more nodes there are, the more decentralized, secure and fast the network is.” explained Rodrigo Benzaquen, co-founder and CTO of SenseiNode.
In the statement they detail that According to the latest Chainalysis Global Cryptocurrency Adoption Index, 4 Latin American countries have the highest crypto adoption worldwide: Venezuela, Argentina, Colombia and Brazil, ranking 7th, 10th, 11th and 14th place respectively. Additionally, Latin America accounts for roughly 9% of all global transaction activity, according to the Chainalysis report.
For MartĂn Fernandez, co-founder and VP Business Development, he details that “blockchain” technology is increasingly gaining greater participation “on a business and individual level” being an opportunity for new startups that provide this type of services associated with this “revolution”.
“Society, increasingly digitized and focused on the cloud, detects in the block chain a superior way to streamline operations and decentralize them”, adding, “With SenseiNode a new chapter is opened in the development of Latin America”.
SenseiNode, becomes the provider of staking nodes for all of Latin America that offers “as a service” nodes for entrepreneurs and institutions in the region. The company already has more than 50 active validator nodes in the main blockchains worldwide, such as ethereum, Algorand, Polkadot, Solarium, avalanche, polygonal, Cosmos, Helium, Fantom, Celo and Kusama, to bring their infrastructure closer so that companies can use them to offer crypto services to their customers.