Cryptocurrency startup Orochi Network has raised $12 million in funding, with participation from Presto Labs.

BlockBeats News, February 27th, according to Cointelegraph, cryptocurrency technology startup Orochi Network has completed a $12 million financing round. Investors include Presto Labs, Smape Capital, Anti Capital, Maxx Capital, Bolts Capital, AZA Ventures, and Connectico. Orochi Network has also received funding from the Ethereum Foundation, Mina Protocol, Web3 Foundation, and BNB Chain.

Reportedly, Orochi Network has launched a series of products aimed at enhancing blockchain functionality, privacy, and efficiency.