# Second State

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/second-state

- Industry: Software
- Headquarters: Austin, US
- Website: www.secondstate.io
- Total disclosed funding: $3M
- Latest round: Series A (Jul 17, 2019)
- Investors on record: 2

## About

Second State LLC develops WasmEdge, an efficient WebAssembly runtime that empowers cloud-native and edge-native applications, enhancing performance and enabling diverse solutions for AI and data analytics across multiple industries.Second State LLC provides a cutting-edge WebAssembly runtime designed for cloud-native applications. The company was founded in Austin, US, and has experienced strategic growth since inception. The CEO, Michael Yuan, has a strong background in the tech industry, previously involved in various ventures. The company raised USD 3.00 mn in Series A funding on July 17, 2019, led by SIG Asia Investment and joined by Ethereum Classic Labs, accumulating a total of USD 3.00 mn in funding to date.Second State LLC specializes in WasmEdge, a secure and fast WebAssembly runtime geared towards cloud-native and edge-native applications. It provides tools for AI inference, specifically harnessing the capabilities of advanced language models like Llama 2. These offerings cater to various sectors, including e-commerce and CRM, facilitating solutions for tasks such as image classification and workflow automation. The company supports a diverse clientele, including developers and enterprises, across North America, Europe, and parts of Asia, enabling robust microservices and serverless functions.The revenue model for Second State LLC revolves around subscription-based services and strategic partnerships that allow clients to implement the WasmEdge runtime within their technology frameworks. Transactions typically involve service agreements, with potential pricing plans customized to usage levels and specific feature needs. Key services, such as LLM inference solutions and cloud-native microservices, primarily target B2B clients, providing direct access to advanced AI functionalities. Customers have the flexibility to engage through tiered service levels, optimizing efficiency and resource management across various technological applications.Second State LLC aims to leverage the recent Series A funding of USD 3.00 mn to enhance its product offerings and expand its market reach. The strategy includes the development of new features for WasmEdge and plans to enter additional geographic markets by the end of 2023, focusing on regions in Asia and Europe. This funding will support the creation of products tailored to emerging market needs and further investment in AI capabilities, ensuring that the company maintains competitive advancements in the fast-evolving tech landscape.

## Funding rounds

- Series A, Jul 17, 2019, $3M — SIG Asia Investment, Ethereum Classic Labs

## Investors

- SIG Asia Investment (https://capitalatlas.ai/funds/sig-asia-investment) — Series A
- Ethereum Classic Labs — Series A