SenseiNode, the first blockchain infrastructure services provider in Latin America, raised USD 3.6 million in seed round.
The company is the first blockchain infrastructure service provider in the region and it introduces a new node management platform to drive the decentralization of the blockchain ecosystem.
Buenos Aires, April 6th, 2022. In a context of consolidation of blockchain technology in the world, SenseiNode becomes the first blockchain infrastructure service provider in Latin America, driving the democratization and decentralization of the ecosystem in the region, with an innovative, simple, scalable and secure node management platform that will benefit thousands of entrepreneurs, financial institutions and companies.
The company announced the completion of its first investment round totaling USD 3,650,000. The round, closed in November last year, was led by Borderless Capital, followed by Newtopia VC and Spice VC. Individual investors such as Marcos Galperín (MercadoLibre), Martín Migoya (Globant), Miguel Santos (Technisys), Matias Woloski (Auth0), Esteban Ordano (Decentraland), Javier Villamizar (Softbank), Ariel Barmat (TheGraph), Facundo Garretón (Terraflos), Francisco Álvarez-Demalde (Riverwood Capital), Mat Travizano (Sur VC) and Ryan Floyd (Storm Ventures) among others, also joined the round. The capital is being allocated primarily to the development of its node management platform and the acquisition of top talent.
“Our main goal is to provide opportunities in Latin America so that the community of entrepreneurs and institutions who want to offer crypto related services can rely on the infrastructure required to develop their projects. SenseiNode thus becomes the business highway for a more decentralized and inclusive blockchain world”, stated Pablo Larguia, co-founder and CEO of SenseiNode.
Through its platform, SenseiNode simplifies the onboarding of companies into the blockchain in order to scale their businesses. It provides a straightforward node deployment, setup and monitoring platform with institutional-grade security, significantly reducing time to market without jeopardizing performance.
David Garcia, Managing Partner at Borderless Capital, said: “SenseiNode will accelerate the growth of the blockchain economy in Latin America by facilitating access to nodes and infrastructure. I’m confident that SenseiNode’s founding team has the experience and track record to lead the blockchain infrastructure in the region”.
Nodes are connection points to the network and host a copy of the blockchain data, with which they validate transactions and verify information. It is the nodes that enable peer-to-peer interaction on the network: one of the main characteristics of the blockchain, which enables transactions to be carried out in a decentralized manner and without intermediaries. Organizations that want to do business on the blockchain can rely on SenseiNode to obtain their own nodes in a secure and easy way.
The company is the first staking node provider in Latin America to offer nodes-as-a-service for entrepreneurs and institutions in the region. SenseiNode already has more than 50 active validator nodes on the world’s leading blockchains, such as Ethereum, Algorand, Polkadot, Solana, Avalanche, Polygon, Cosmos, Helium, Fantom, Celo and Kusama, to bring its infrastructure closer and allow companies to rely on them to provide crypto services to their customers.
Fintechs, exchanges, banks and other financial institutions, entrepreneurs, wallets and crypto investors are some of SenseiNode’s main clients in Latin America. On a global level SenseiNode serves exchanges, DApps, DeFi services, NFTs and blockchain service providers.
“Latin America has a great opportunity ahead in the blockchain revolution on a global scale. Today there are few nodes in the region and that generates congestion in transactions. The more nodes available, the more decentralized, secure and faster the network will be. In this sense, SenseiNode is deploying the optical fiber of blockchain in the region, offering accessible and reliable private nodes in a single click, for everyone,” explains Rodrigo Benzaquen, co-founder and CTO of SenseiNode.
The development potential in the region is enormous: according to Ethereum statistics as of March 31st, 2022, less than 1% of the nodes in the world are located in Latin America. Today, the United States (2459), Germany (825), Singapore (292), United Kingdom (247) and Finland (202) lead the ranking, while the Latin American countries with the highest growth are Brazil (29), Argentina (7), Mexico (4) and Chile (1). In this context, SenseiNode plans to host hundreds of new active nodes by the end of 2022.
According to Chainalysis’ latest Global Cryptocurrency Adoption Index, 4 of the 20 countries with the highest crypto adoption worldwide are from Latin America: Venezuela, Argentina, Colombia and Brazil (in 7th, 10th, 11th and 14th place respectively). Furthermore, according to the report, Latin America accounts for approximately 9% of all global transaction activity.
“Society, increasingly digitized and turned to the cloud, finds a superior way to streamline and decentralize operations in the blockchain. Thus, the blockchain world is gaining more and more prominence on a corporate and individual scale, and consequently, it has become an opportunity for new players that provide services associated with this revolution. SenseiNode opens a new chapter in the development of Latin America”, concludes Martin Fernandez, co-founder and VP of Business Development.
