Background: Ika is a secure multi-party computation (MPC) network that plans to launch soon on the Sui blockchain.

Main Event: Ika announced it has secured strategic investment from the Sui Foundation, raising a total funding of over 21 million USD. Its highest valuation during the private round reached 600 million USD (Fully Diluted Valuation).

Supporting Institutions: The project is supported by dozens of Web3 organizations including Sui Foundation, DCG, Big Brain Holdings, Blockchange, Node Capital, Amplify Partners, and recognized by notable investors such as Naval Ravikant.

Potential Impact: This fundraising and strategic investment will help Ika advance development in the blockchain multi-party computation space and promote its application and expansion within the Sui ecosystem.

SUIA

PANews reported on April 29 that according to official news, the parallel MPC network Ika announced that it had received strategic investment from the Sui Foundation. Since then, Ika has received more than $21 million in financing, and its highest valuation in the private placement stage has reached $600 million in FDV, and has received support from dozens of institutions in the Web3 field, including the Sui Foundation, DCG, Big Brain Holdings, Blockchange, Node Capital, Amplify Partners, Liquid2 Ventures, FalconX, Tykhe Block Ventures, Lightshift, Token Bay Capital, Collider, Zero Knowledge Ventures, NoLimit Holdings, Rubik Ventures, Dispersion Capital, Insignius Capital, Impatient Ventures, Cerulean Ventures, Earl Grey Capital, HDI Ventures, Flowdesk, TPC Ventures, Purechain Capital, Solr DAO, Heroic Ventures, as well as Naval Ravikant, NotVCs, G-20 Group, Artifact Capital, DSRV, Encapsulate, etc.
 It is reported that Ika is a parallel MPC (multi-party computing) network that will soon be launched on the Sui blockchain.

Parallel MPC Network Ika Secures Strategic Investment from Sui Foundation, Total Financing Exceeds $21 Million