Clique, an infrastructure startup based in San Francisco, California, has acquired $8 million in Series A funding to enable blockchain data computing.
Leading the round was Polychain Capital, with participation from the founders of Lido, Polygon, Scroll, Berachain, Monad, Axiom, Succinct, and Uniswap Foundation, as well as Bankless, Robot Ventures, Santiago R. Santos, and Balaji Srinivasan, among other angel investors.
The funds will be used by the company to construct a heterogeneous compute coordination network, which will facilitate the access of compute and data for both off-chain and on-chain applications.
Clique, which was founded by Kevin Yu and Jaden Yan, has become a significant participant in the blockchain industry by producing oracles that use technologies like ZKPs and TEEs to handle private data off-chain securely and with the least amount of trust.
Different off-chain compute resources are arranged by the Clique Compute Coordination Network and distributed according to the requirements of both smart contracts and general applications.
This comprises specialized hardware for privacy, artificial intelligence, and secure computation; oracles for pulling in data from any internet data source; and co-processors for carrying out verified computation on top of on-chain data.
Applications can now easily access various compute resources and data and make adjustments based on their preferences for cost, performance, privacy, and trust.
Applications can be optimized for a variety of parameters, including trust, privacy, security, performance, and cost, by leveraging a wide range of compute vendors with expertise in fields such as verifiable compute with zero-knowledge proofs (ZKP), confidential compute trusted execution environments (TEE), AI-based compute with GPUs, and many more.
Among other well-known ecosystems, the business has assisted in bootstrapping on-chain user data for Arbitrum, Optimism, Linea, Mantle, and Ronin.
It has partnered with over 500 companies, including industry titans like Sony Music US, Trip.com, Aave, Eigenlayer, Sushiswap, Velodrome, Synthetix, and many more. It has provided Web3 services to over 750k end consumers.
