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Web3 Database Developer Polybase Raises $2 Million in Pre-Seed Funding

Polybase, a crypto startup developing a privacy-focused decentralized database, raised $2 million in a pre-seed funding round.

6th Man Ventures led the round, with Filecoin developer Protocol Labs, Orange DAO, Alumni Ventures, NGC Ventures, CMT Digital and others participating, Polybase said Wednesday. The startup aims to build a web3 alternative to legacy platforms such as Google-owned Firebase and open-source databases such as Supabase and Postgres.

Polybase was founded last year by Gandhi and Calum Moore. It is developing a decentralized database using zero-knowledge technology.

Polybase is currently live on testnet and its mainnet is expected to launch in the coming weeks. To that end, the startup is also looking to expand its current team of five people by hiring a few people in the engineering and marketing functions, said Gandhi.

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