PYOR(Power Your Own Research) is a firm that is a pioneer on enabling high-fidelity data and insights for the digital asset industry. The firm offers this utility through a tailor-made desktop analytics interface. PYOR, ‘pronounced as pure’ was founded in 2022 with a mission to accelerate global institutional participation in web3 by enabling high-fidelity data insights. The founders of PYOR have experience building in crypto and have had key roles in building a number of large Indian unicorns as well as deep experience in global blue Chip firms.
PYOR has recently announced that it had secured $4 million in a seed funding round . The financing event was led by Castle Island Ventures and garnered further investment from several venture funds and corporates including Hash3, Antler, Future Perfect Ventures, Force Ventures, Coinswitch Ventures, Coinbase Ventures and Balaji Srinivasan – a prominent angel investor.
The firm hopes to leverage the capital acquired in this financing round to facilitate the expansion of its core infrastructure and product platform by building out its interpretation layer for digital assets while at the same time, accelerating global institutional participation in digital assets. The funds will also be used to expand the team and hire across a number of new roles.
Krishna Hedge, PYOR’s co-founder, has said that since its launch last year, PYOR is laser-focused on building the industry standard for digital asset platforms. According to Mr. Krishna, unlike most asset classes, the digital assets sector is led by retailers and consequently, this limits institutional-grade infrastructure for decision-making. Despite the fact that market capitalization of digital assets is in excess of $1 Trillion, there is still a need in effective data infrastructure to facilitate institutional participation. He concluded his statement while noting that the firm is looking forward to leverage the new capital to continue developing in the global digital asset ecosystem.
By focusing on data analysis, the firm aims to enable access to reliable data. According to the firm, there is a problem in the current state of digital asset data. Some of the problems highlighted include the lack of institutional-grade features and inconsistent quality of data, a problem that stems from the fact that analysts manually collect and compute data.
With the latest infrastructure, the firm promises its users access to fundamental blockchain data. Users can import their own private data, write private queries and view tailor made dashboards that suit their needs. The firm promises users the ability to take control of their own analysis and save up to 15 hours a week.
Related Posts
Helio raises $3.3 million in seed round to power expansion and growth.
Helio is a web3 payments solution provider whose platform powers thousands of merchants, decentralized applications and creators. Users…
Blocktorch secures $4.2 Million in seed funding.
Blocktorch is aweb3 firm that offers an observability platform for the decentralized stack. The firm’s platform covers all…
WeChat integrates The Chinese CBDC, Digital Yuan, to its mobile payments platform.
WeChat, a popular Chinese instant messaging social media app which also facilitates mobile payments was developed and released…
Portals secures $2 million in a seed investment round.
Portals is a firm offering crypto-based financial technology that aggregates yield and protocols for transaction bundling , any-to-any…