Optimum Secures Angel Round Financing to Accelerate Launch of Full-Chain Expansion Solutions

Odaily Planet Daily reported that Optimum has announced the completion of its angel round financing, with investors including Abhijeet Mahagaonkar (CTO of Polychain), Arthur Cheong (founder of DeFiance Capital), Gracy Chen (CEO of Bitget), Robinson Burkey (co-founder of Wormhole), Sandeep Nailwal (co-founder of Polygon), and Saurabh Sharma (managing partner at Jump Crypto), among others. The funds from this financing will be used to accelerate product development, though the specific amount has not been disclosed.

It is reported that the project was co-founded by Professor Muriel Médard, the NEC director of the MIT Computer Science Department, Dr. Kishori Konwar, and Kent Lin, president of the Harvard Blockchain Association, based on research results from the MIT Network Coding and Reliable Communication Institute to build a full-chain scaling solution. Optimum can provide high-performance memory infrastructure based on Random Linear Network Coding (RLNC) for any L1/L2 blockchain and node operators, including two products: a P2P data communication layer and a decentralized memory layer (deRAM). This technology aims to break the blockchain scalability bottleneck, achieving rapid data transmission, efficient storage, and real-time access, thereby delivering comprehensive performance improvements for L1/L2 blockchains, node operators, dApp developers, and users.