Illusory Systems
Latest round
- Series A
Last raised
- Mar 2022
Total raised
- $17M
Investors
- 18
About Illusory Systems
Based in Utah, US, and founded in 2021 by its CEO Pranay Mohan and CTO James Prestwich, Illusory Systems, Inc. trading as Nomad, operates as a protocol that allows users to send messages and bridge assets to different blockchains. In April 2022, Illusory Systems, Inc. Illusory Systems, Inc. develops a security cross-chain messaging system that allows users to bridge assets from Ethereum to Moonbeam, an EVM-compatible blockchain on Polkadot, and Ethereum to Cardano via Milkomeda. It strengthens the security of its bridge, the protocol uses an optimistic mechanism similar to that used in optimistic rollups. In addition, the company allows off-chain watchers to challenge messages via fraud proofs, without relying on custodians or validators.
Who invested in Illusory Systems
18 investors across 1 round
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Funding rounds
Series A
Mar 23, 2022
Amount
$17M
Investors
Questions about Illusory Systems
Who invested in Illusory Systems?
Illusory Systems has 18 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Illusory Systems raised?
Illusory Systems has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Illusory Systems last raise money?
Illusory Systems's most recent round on record is a Series A, in Mar 2022.
What does Illusory Systems do?
Based in Utah, US, and founded in 2021 by its CEO Pranay Mohan and CTO James Prestwich, Illusory Systems, Inc.
Where is Illusory Systems headquartered?
Illusory Systems is headquartered in Centerville, US.
Which VCs invest in companies like Illusory Systems?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Illusory Systems's stage. Their profiles are linked below.
VCs backing software startups at Series A
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