Irys Secures $10M in Series A Funding to Tap into $3 Trillion Data Economy with Innovative Programmable Datachain (21 Aug)

Funding Announcement: Irys, the first programmable datachain, has raised $10 million in Series A funding led by CoinFund, bringing its total funding to $20 million since 2024.

Market Problem Addressed: Irys aims to solve inefficiencies in the $3 trillion data market by allowing data creators to monetize their data through embedded smart contracts for licensing and access control.

Institutional Interest and Adoption: The platform has gained traction with over 80 strategic partners and significant institutional interest due to its unique technical advantages, including automated licensing and simplified implementation for developers.

Future Growth Plans: The funding will support infrastructure expansion, team growth, and institutional adoption ahead of Irys's mainnet launch, positioning it to capture a significant share of the AI economy's data infrastructure needs.