Odaily News Unto Labs, a crypto 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 funding to recruit more employees, hoping to expand the team size from 5 to 10 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 left his job to start his own business, and was immediately sued by his former employer, accusing him of creating a "competing business." Now, after the two parties reached a settlement, Heeger announced his new project. (Fortune)