The BloXroute Labs team has closed a $70 million Series B funding round led by SoftBank Vision Fund 2. The proceeds will be used to develop high-frequency trading in DeFi.

Dragonfly Capital, ParaFi Capital, Lightspeed Venture Partners, GSR, Jane Street, Flow Traders, RBF Capital and others also participated in the round.

BloXroute Labs score was not disclosed. The total amount of funds raised reached $95 million.

The company will use the funds received to increase the current staff from 30 to 100.

The startup positions itself as the “Flash Boys for DeFi” – the developed BackRunMe solution allows you to perform stealth operations that run from the front and are resistant to sandwich attacks. Users manage to avoid network congestion and quickly receive important trading information such as market orders.

“In DeFi, you need to be in touch with everyone because important information – prices, positions, arbitrage opportunities – can come from anywhere. BloXroute spreads data at near lightning speed, enabling our users to get better deals.”— The Block CEO announced his initiative, Uri Klarman.

The solution supports Ethereum, BNB Chain and Polygon.

We anticipate it will happen.“We envision interesting use cases [продукта] In segments like NFT, metaverses and blockchain games”, SoftBank Investment Advisors spokesperson Aaron Wong told CoinDesk:

Recall that in March 2022, the 1-inch DeFi project launched a mobile wallet for Android devices. Its features include support for Flashbot processes that protect users from front-end and sandwich attacks.