The round co-led by blockchain infrastructure and energy vets will accelerate Nirvana’s growth as the leading web3 compute provider as the blockchain industry adopts multi cloud strategies to reduce hyperscaler centralization.
NEW YORK, NY | May 12, 2025. Nirvana Labs, the high-performance bare metal cloud purpose-built for Web3, has raised a $6M seed extension co-led by Crucible Capital and Jump Crypto, bringing its total funding to $11.8M. The round also includes participation from RW3 Ventures, Castle Island, and Hash3. Meltem Demirors of Crucible Capital will join Nirvana’s board. This funding advances Nirvana’s mission to build next-gen Web3 infrastructure from silicon to network, reducing reliance on hyperscalers and legacy clouds.
Since January 2024, Nirvana has grown revenue 26x by delivering dedicated compute, low latency storage, and private edge traffic for the blockchain industry’s most demanding workloads. Its proprietary cloud stack — combining crypto-optimized bare metal hardware, custom networking, and high-speed storage — replaces the need for general-purpose cloud providers and slashes cloud infrastructure spend by over 65%.
Operating across 11 global data centers and managing over 2,000TB of blockchain data, Nirvana powers leading protocols, dApps, and HFTs with dedicated, high-throughput infrastructure. Trusted by firms like BitGo, Thirdweb, and Goldsky, and foundations including Berachain, Avalanche, and IOTA, Nirvana delivers low-latency hosting and managed services—from storing archive nodes to running ultra-high RPS chains—all while cutting costs and outperforming legacy clouds on IOPS, clock speed, and network efficiency.
Dan Burke, CEO of Nirvana Labs says: “Cloud wasn’t built for Web3 — we’re rebuilding it from the ground up, powering the compute, storage, and transport layer for a decentralized internet that actually performs. With this latest round of funding, we are poised for continued growth and awareness of our mission to provide access to high performance computing for the web3 industry.”
Meltem Demirors, GP of Crucible Capital, remarked "All crypto networks and applications consume immense amounts of compute, storage, and bandwidth and the industry relies on hyperscalars to provision these services, racking up massive bills and creating deep dependencies. Nirvana is a crypto native cloud provider with a proprietary bare metal footprint that co-locates high throughput storage with compute, reducing the cost and complexity of blockchain infrastructure operations."
This latest round will accelerate Nirvana’s expansion of the latest chip sets, NVMe storage capacity, and next-gen networking breakthroughs to continue delivering scalable, high-performance infrastructure for the decentralized internet.
Key Highlights:
- Funding: $6M seed extension co-led by Crucible Capital and Jump Crypto
- Traction: 26x revenue growth (CAGR = 1,436%) since Jan 2024
- Scale: 11 global data centers, 2,000TB+ of blockchain data under management
- Cost Advantage: Egress 90% cheaper than major cloud providers
- Performance: Enhanced clock speeds, CPU utilization, IOPS, and reduced jitter
- Customers: Trusted by BitGo, Goldsky, Thirdweb, Paxos, Flipside, and more
About Nirvana Labs
Nirvana Labs is the high-performance cloud purpose-built for Web3 — delivering bare metal speed, dedicated infrastructure, and radically cheaper bandwidth for the world’s most demanding blockchain workloads. Learn more at https://nirvanalabs.io
About Crucible Capital
Crucible is an investment firm focused on the convergence of energy, compute, and crypto. We back founders building a future where energy, compute, connectivity, and other digital commodities are traded onchain in global, permissionless markets with deep liquidity. Learn more at https://www.cruciblecap.xyz
About Jump Crypto
Jump Crypto is part of the Jump Trading Group, a research-driven quantitative trading firm and one of the largest traders, by volume, across asset classes. Jump Crypto is also a key infrastructure builder and R&D contributor to the crypto ecosystem and is excited about the prospects of Web3 and blockchain technology to revolutionize open, community-driven networks. Learn more at https://jumpcrypto.com
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