# Saga.xyz

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/saga-xyz

- Industry: Software
- Headquarters: Los Altos, US
- Website: www.saga.xyz/#
- Total disclosed funding: $12M
- Latest round: Seed (Nov 20, 2023)
- Investors on record: 20

## About

Based in the US, and founded in 2022, Saga.xyz operates as a provider of a protocol that enables developers to deploy a single-tenant virtual machine (VM) onto a dedicated blockchain. This process includes the automatic setup of fully provisioned validators and a meticulously designed security structure with optimal incentives. The company was co-founded by Jin Kwon. In May 2022, Saga.XYZ raised USD 6.7 million in seed funding led by a new investor: Maven 11, Longhash Ventures, Hypersphere, Figment, Polygon Studios, Samsung NEXT, Chorus One, GSR, C2X, CRIT Ventures, Merit Circle, Hustle Fund, Unanimous Capital, Strangelove Ventures, and Tess Ventures. 

The company offers a protocol that simplifies the interaction between developers and users in the realm of blockchains. With a focus on scalability, sovereignty, and user-friendly setup, they transform the way application-specific blockchains are provisioned. By integrating shared security, streamlined validator orchestration, and an automated deployment pipeline, they enhance the overall blockchain experience.

## Funding rounds

- Seed, Nov 20, 2023, $5M — Placeholder, LongHash Ventures, Red Beard Ventures, Com2uS, Dispersion Capital, Tykhe Ventures
- Seed, May 19, 2022, $6.5M — GSR Ventures, SC2X, NFR Security, Samsung NEXT Ventures, Hustle Fund, Maven11 Capital, Unanimous Capital, Hypersphere Ventures, LongHash Ventures, Chorus One AG, Crit Ventures, Tess Ventures, Polygon Studios, Merit Circle, Figment Capital

## Investors

- GSR Ventures (https://capitalatlas.ai/funds/gsr-ventures) — Seed
- SC2X — Seed
- NFR Security — Seed
- Samsung NEXT Ventures (https://capitalatlas.ai/funds/samsung-next-ventures) — Seed
- Hustle Fund (https://capitalatlas.ai/funds/hustle-fund) — Seed
- Maven11 Capital (https://capitalatlas.ai/funds/maven11-capital) — Seed
- Unanimous Capital (https://capitalatlas.ai/funds/unanimous-capital) — Seed
- Hypersphere Ventures (https://capitalatlas.ai/funds/hypersphere-ventures) — Seed
- LongHash Ventures (https://capitalatlas.ai/funds/longhash-ventures) — Seed
- Chorus One AG — Seed
- Crit Ventures (https://capitalatlas.ai/funds/crit-ventures) — Seed
- Tess Ventures (https://capitalatlas.ai/funds/tess-ventures) — Seed
- Polygon Studios (https://capitalatlas.ai/funds/polygon-studios) — Seed
- Merit Circle (https://capitalatlas.ai/funds/merit-circle) — Seed
- Figment Capital (https://capitalatlas.ai/funds/figment-capital) — Seed
- Placeholder (https://capitalatlas.ai/funds/placeholder) — Seed
- Red Beard Ventures (https://capitalatlas.ai/funds/red-beard-ventures) — Seed
- Com2uS — Seed
- Dispersion Capital (https://capitalatlas.ai/funds/dispersion-capital) — Seed
- Tykhe Ventures — Seed