ENSO Raises $4.2 Million Funding to Boost Ongoing Product Development

Today, ENSO , the first intent engine in the world driving chain abstraction and an intent-centric future, announced the successful completion of a funding round valued at over $4.2 million. The funds will go towards the ongoing product development, with the goal of launching their L1 cosmos-based blockchain this year.

Ideo Ventures, Hypersphere, and 60+ angels from: Safe, Socket, Titan, Essential, Sygnum, TheGraph, Alchemix, Biconomy, Yearn, Squid, Liquity, Pendle, Everclear, Flashbots, Dune, and many more participated in the round.

In the last year, approximately $11 billion in on-chain settlements have been made possible by ENSO tooling, supporting over 35 active projects. With this financing, ENSO can further support the growth of its infrastructure capabilities and blockchain and DeFi application uptake.

Connor Howe of ENSO stated:

“We’re thrilled to have the support of Ideo Ventures, Hypersphere, and an exceptional group of angels as we embark on our next phase of growth. This funding validates our vision to transform blockchain interactions and underscores the confidence in our technology from both institutional backers and the angels involved.”

ENSO is the connectivity layer of crypto, connecting all ecosystems into a single network, letting users and application developers specify their intended results as intents, and enabling the creation of truly composable applications without the need for labor-intensive manual integrations.