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Sommelier develops blockchain infrastructure and applications for decentralized finance.
Founded in 2020 in California, US, Sommelier develops a co-processor for an Ethereum-based decentralized finance protocol. Its system combines a consensus layer and a bridge managed by a network of validators. In March 2021, the company raised USD 3.5 million in Seed funding led by Standard Crypto Management, with participation from Alameda Research, Alameda Ventures, Cygni Capital, Power Planet Holdings, and Multicoin Capital.
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