# Versatus Labs

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

- Industry: Internet
- Headquarters: Miami, US
- Website: www.versatus.io
- Total disclosed funding: $2.3M
- Latest round: Seed (Dec 6, 2023)
- Investors on record: 3

## About

Founded in 2020 and based in Florida, US, Versatus Labs, Inc., formerly VRRB Labs operates as a software development company that offers a blockchain-based platform-as-a-service in which users can make a transition to Web3 from Web2 platforms. Andrew Nicholas Smith is the founder of the company. In December 2023, Versatus Labs, Inc. raised USD 2.3 million in seed funding from NGC Ventures, Hyperithm, and Republic Crypto, valuing the company at USD 50 million post-money. The company offers its computing platform, a scalable layer 1 blockchain that enables speed and efficiency. The firm also offers Versatus LASR, which is a stateless rollup technology that represents a technological leap and serves as a catalyst for fostering growth and diversity within the blockchain developer community. Versatus Labs develops blockchain infrastructures like Alphanet and is working on blockchain spaces like Betanet and Devnet. The organization plans to use the December 2023 funding for the commercial launch of its Versatus LASR stateless rollup.

## Funding rounds

- Seed, Dec 6, 2023, $2.3M — NGC Ventures, Republic Crypto, Hyperithm

## Investors

- NGC Ventures (https://capitalatlas.ai/funds/ngc-ventures) — Seed
- Republic Crypto — Seed
- Hyperithm — Seed