# RISE Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/rise-labs-2

- Industry: Software
- Total disclosed funding: $3.2M
- Latest round: Seed (Aug 1, 2024)
- Investors on record: 7

## About

Founded in 2023, RISE Labs provides data processing and bandwidth capabilities, ushering in the Gigagas Era. The company was founded by Sam Battenally, Hai Nguyen, and Sasha Mai. In August 2024, RISE Labs raised USD 3.2 million in Seed funding led by investor Finality Capital with participation from other investors Orange DAO, Digital Asset Capital Management, and ether.fi, P2 Ventures, MH Ventures, and Public Works. Individual investors also participated in the round.

RISE offers several products, including the Gigagas platform, which provides over 1 Gigagas per second bandwidth, allowing for data transmission. Additionally, RISE has developed the PEVM (Parallel Ethereum Virtual Machine), a fully open-source execution client that helps in parallel processing capabilities. The RiseDB, a custom database designed from the ground up, further supports high-performance applications by optimizing data storage and retrieval.

The company plans to use the August 2024 funding to enhance their Layer 2 landscape further.

## Funding rounds

- Seed, Aug 1, 2024, $3.2M — Digital Asset Capital Management, Finality Capital Partners, MH Ventures, Orange DAO, ether.fi, Public Works, P2 Ventures

## Investors

- Digital Asset Capital Management (https://capitalatlas.ai/funds/digital-asset-capital-management) — Seed
- Finality Capital Partners (https://capitalatlas.ai/funds/finality-capital-partners) — Seed
- MH Ventures (https://capitalatlas.ai/funds/mh-ventures) — Seed
- Orange DAO — Seed
- ether.fi — Seed
- Public Works — Seed
- P2 Ventures (https://capitalatlas.ai/funds/p2-ventures) — Seed