Rakurai, an infrastructure project supercharging Solana staking, announced it has closed a $3 million seed funding round led by Anagram Ventures. Other investors in this round include Colosseum, Slow Ventures, Robot Ventures, and Crypto.com. P2P.org, GlobalStake, and Cyber Fund also participated, highlighting Rakurai’s potential to drive significant advancements in decentralized infrastructure.
This funding will advance the rollout of Rakurai’s high-yield Solana staking platform, offering high QoS (quality of service) transaction landing through increased efficiencies to retail and institutional participants alike. In standard benchmark tests, Rakurai nodes deliver 5 times the TPS (transactions per second) compared to the standard Solana client. The funding will also fuel product development and partnership growth.
Created by a team with extensive expertise in building ultra-low-latency, high throughput systems for algorithmic trading, Rakurai is led by former Apple and Silicon Valley engineer Ali Rizvi, who has more than 20 years of experience and a background in ASIC/SOC design. In last year’s Colosseum Solana Renaissance Hackathon, Rakurai won the top prize in the infrastructure track.
KEY QUOTES:
“Today’s funding news is one of many more milestones to come, as we build and deliver products that significantly increase TPS on Solana. Rakurai has been able to accelerate Solana nodes through our unique innovations in transaction scheduling, which boost block rewards and benefit users, stakers and node operators, enabling everyone to thrive on Solana.”
- Ali Rizvi, CEO of Rakurai
“One of the greatest challenges that Solana faces today is the frequency of conflicting transactions and scheduler bottlenecks, which have resulted in inefficiencies in block packing. Rakurai’s solution aims to tackle this issue by optimizing the process, allowing for more efficient block creation and ultimately increasing validator rewards. We think Rakurai will be a critical piece of the IBRL puzzle.”
- David Feiock, CIO at Anagram Ventures
