Unto Labs raises $14.4 million in funding, led by Framework Ventures and Electric Capital

Foresight News reported that Unto Labs, a cryptocurrency company founded by former Jump Crypto employees, has raised $14.4 million in funding, led by Framework Ventures and Electric Capital, with a valuation of $140 million. Heeger is developing his own virtual machine ThruVM for the planned Unto blockchain, which will use RISC-V. Unto Labs will use this round of financing to recruit more employees, hoping to expand the team size from 5 to 10 people by the end of the year. Liam Heeger worked as a core engineer at Jump Crypto for two years, participating in the development of the company's flagship product, FireDancer (a computer system connected to the Solana blockchain). In January of this year, Heeger resigned to start a business and was immediately sued by his former employer, accusing him of creating a "competitive business". Now, after reaching a settlement, Heeger has announced his new project