Satsuma launches with $5M from Initialized & Archetype
Today, we’re excited to announce our $5M seed round co-led by Initialized Capital and Archetype.
Today, we’re excited to announce our $5M seed round co-led by Initialized Capital and Archetype, with participation from OpenSea, Y Combinator, Homebrew, and South Park Commons.
At Satsuma, we’re building a platform for dApp developers to design custom blockchain data APIs. Our first product is a drop-in subgraph hosting service with higher reliability, faster performance, and better developer tooling. Teams can switch over to Satsuma’s hosted subgraphs in under 5 minutes of engineering time.
Engineers currently have tools to get low-level data, but indexing & processing that data still takes weeks of development time. Writing your own indexing stack requires extra engineering effort to develop and maintain. Meanwhile, existing solutions have issues with slow performance, data lag, and downtime.
Since we started working with customers in September, Satsuma has already partnered with top projects like Decentraland, Aragon, Treasure, Lyra, and Syndicate. In their own words:
- Nacho Mazzara, Engineering Manager at Decentraland: “Integrating Satsuma was easy and immediately improved site load times for our users. The service has been very reliable, even when we scaled query volumes during our Metaverse Music Festival 2022.”
- Nathan Hausman, Head of Engineering at Syndicate: “Satsuma has returned a huge amount of development time to the team to focus on product and gives us certainty in our infrastructure."
Our vision is that Satsuma will become the backend for web3 dApps. By making the development process easier, Satsuma will enable much better decentralized consumer experiences.
If you're a dApp developer working with subgraphs or indexing events from a smart contract, get started today!
Jonathan, Dan & the rest of the Satsuma team