# Sonic

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

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.sonic.game/
- Total disclosed funding: $12M
- Latest round: Series A (Jun 18, 2024)
- Investors on record: 7

## About

Founded in 2020 and based in California, US, Sonic provides a modular SVM chain designed to support Solana's sovereign gaming economies. In June 2024, Sonic raised USD 12 million in Series A funding led by Bitkraft Ventures, with participation from other investors Galaxy Interactive and Big Brain Holdings.


Sonic’s product offerings include features such as a layer 2 solution designed to address limitations on the Solana blockchain related to transaction speed and processing power. HyperGrid tackles the scalability bottleneck by enabling parallel processing, allowing individual games to handle up to 50,000 transactions per second. The company offers the Sonic VM (SVM), a custom virtual machine that allows developers to write code using the familiar Ethereum Virtual Machine (EVM) standard and seamlessly deploy it on HyperGrid. This eliminates the need to learn a new programming language, potentially accelerating the development process. Additionally, Sonic provides a sandbox environment for game developers, allowing them to build and test their business logic on-chain with composable gaming primitives and extensible data types.
 
The company will use the June 2024 funding to utilize its protocol's growth initiatives, including features tailored for game development and execution on Solana.

## Funding rounds

- Series A, Jun 18, 2024, $12M — Sky 9 Capital, BITKRAFT Ventures, Galaxy Asset Management, Morningstar Ventures, Mirana Ventures, Sanctor Capital, Big Brain Holdings

## Investors

- Sky 9 Capital (https://capitalatlas.ai/funds/sky-9-capital) — Series A
- BITKRAFT Ventures (https://capitalatlas.ai/funds/bitkraft-ventures) — Series A
- Galaxy Asset Management (https://capitalatlas.ai/funds/galaxy-asset-management) — Series A
- Morningstar Ventures (https://capitalatlas.ai/funds/morningstar-ventures) — Series A
- Mirana Ventures (https://capitalatlas.ai/funds/mirana-ventures) — Series A
- Sanctor Capital — Series A
- Big Brain Holdings (https://capitalatlas.ai/funds/big-brain-holdings) — Series A