Arch Labs raises $13 million in Series A funding, led by Pantera Capital

Foresight News reported that Bitcoin infrastructure company Arch Labs has completed a $13 million Series A funding round, led by Pantera Capital and with participation from Multicoin Capital. This round of funding values Arch Labs at $200 million. Arch Labs was founded in 2023 and released a beta version of ArchVM in November. It plans to publicly release ArchVM in early May and will use the funds from this round of financing to expand its engineering team and accelerate product deployment.