They just announced a raise of $40 million Series A round led by crypto-focused investment firm Paradigm. Other investors in the round were Coinbase Ventures, Greylock Partners, Sequoia Capital, and a number of angel investors, among others. The capital will apparently be used to hire talent, build out support for emerging use cases, and expand across different blockchains. 

Spun out of the private, ad-free search engine Neeva, nxyz aims to create fast, reliable, and scalable blockchain indexing and data infrastructure, taking real-time data directly from the chains and their associated applications. 

nxyz CEO Sridhar Ramaswamy, who will also remain the head of Neeva, stated: “We created nxyz so that developers can focus on building at scale, and have the fast and simple method for indexing data they need. I’m convinced this is exactly the kind of innovation needed to help ensure the widespread adoption and success of web3.”