Announcing Our Seed Investment in Satsuma
Archetype is thrilled to co-lead Satsuma’s $5M seed round with our friends at Initialized Capital to help accelerate Satsuma's goal to make decentralized applications more performant for both developers and end users.
Open blockchains are revolutionizing the way teams build protocols and decentralized applications by providing access to a vast assortment of on-chain data, but the process of querying and indexing blockchain data remains deeply inefficient.
To enable the next billion users to come on-chain, developers need tools that rapidly accelerate the querying and indexing of blockchain data to boost productivity and underpin robust consumer applications.
Where Satsuma sits in the stack:
Satsuma’s beachhead offering is a drop-in subgraph service that powers a significantly more streamlined and reliable way for developers to explore and utilize on-chain data.
Optimizing for seamless integration is critical. Satsuma makes it easy for teams to switch over to its hosted subgraphs in just a few minutes – unlocking near-instant access to a highly reliable query API and low latency indexing with 99.9% uptime.
Satsuma’s suite of products eliminates the resource-intensive obstacles associated with building on top of on-chain data so that teams can get back to efficient product innovation cycles.
The solutions developed by Satsuma will play a key role in making blockchain data accessible, especially as the application layer evolves beyond its nascency and into the proliferation of mainstream usage and distribution amongst millions of users.
State of Play Today:
Since launching in September 2022, Satsuma has already partnered with outstanding teams like Decentraland, QuickNode, Aragon, and Syndicate, and has cultivated a deep pipeline of additional customers throughout Web3.
Satsuma is led by founders Jonathan Kau and Dan Li, who are leveraging the team’s engineering experience at global technology platforms like Meta, AWS, Heap, and Twitter to develop a proprietary indexing system that can run up to 100x faster than subgraphs.