Surge Raises $1.8 Million in Pre-Seed Funding to Unlock Bitcoin’s Full Potential
Oct 17, 2024
GM,
We’re excited to share some big news from Surge! Today marks a major milestone in our journey to build a scalable and functional future for Bitcoin. We’ve just secured $1.8 million in pre-seed funding, which brings us one step closer to unlocking Bitcoin’s full potential as both a global currency and a foundation for decentralized innovation.
This round was backed by some incredible forward-thinking VC firms, including Autonomy, Gerstenbrot Capital, Double Peak Group, Sats Ventures, Vamient Capital, and Samara AG. We’re also honored to have received support from some outstanding angel investors. A huge shoutout to Coingecko’s co-founders, Bobby Ong and TM Lee, Christian Sullivan of Gunzilla Games Republic Capital, Movement Labs' Rushi Manche, and 0G Labs' co-founder, Michael Heinrich. Their belief in our vision and technology is truly humbling, and we couldn’t be more grateful.
So, what’s next? At Surge, we’ve always seen Bitcoin as the strongest settlement layer out there—it’s resilient, secure, and decentralized. But despite its strengths, Bitcoin still faces some limitations when it comes to scalability and advanced functionality. Solutions like SegWit and Taproot have helped, but they haven’t been able to fully unlock the kind of complex applications or high transaction volumes Bitcoin needs to thrive in today's world. That’s where Surge’s MetaLayer comes in.
With our MetaLayer, we’re tackling Bitcoin’s scalability challenges head-on, without the need for soft or hard forks. Using advanced cryptographic techniques like Zero-Knowledge Proofs, zk-aggregation, and decentralized verification, we’re able to offer the best of both worlds: Bitcoin’s robust security, paired with the scalability required for modern decentralized applications. Whether it’s app-specific or general-purpose rollups, we’re providing the infrastructure that developers need to build truly innovative solutions on top of Bitcoin.
There’s been a lot of buzz around the growing developer activity in the Bitcoin ecosystem, and we’re excited to play a part in it. Our goal is simple: provide scalable solution-agnostic infrastructure so teams can focus on building groundbreaking use-cases, whether it’s DeFi, micropayments, gaming, or non-financial applications.
And what’s next on the horizon? We’ll be launching our testnet soon, allowing developers to start building on Surge’s MetaLayer and contribute to the future of Bitcoin scalability. It’s an exciting time for us, and we can’t wait to see what the community creates.
Thank you again to all of our investors, partners, and supporters. This is just the beginning, and we’re thrilled to have you with us as we work to shape the future of Bitcoin. Stay tuned for more updates as we continue to push the boundaries of what’s possible with Bitcoin!
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— The Surge Team
Yash is the Co-founder and CEO of Surge. A tech entrepreneur with nearly a decade of diverse experience, he has built multiple startups and has been in the Web3 space for the past three years.
About Surge:
Surge is a Bitcoin MetaLayer for scaling. A decentralized network that enables dApps and rollups to anchor directly to Bitcoin security with permissionless DKLs signature scheme while maintaining block consensus, interoperability, and data availability on the Bitcoin base layer.
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