Subsquid, a Web3 data access layer, has forged a partnership with Google following a successful fundraising effort of $17.5 million across multiple rounds, as reported in a statement shared with CryptoSlate on May 15.

In January, Subsquid’s native SQD token community sale set a record as the fastest CoinList sale, selling out 5% of its token supply in just 19 minutes, raising $6.3 million. Subsequently, the project secured significant funding from investors including Blockchange, Hypersphere, Zee Prime, DFG, and Lattice.

Co-founder Dmitry Zhelezov hinted at an upcoming native token launch but did not disclose further details.

The partnership with Google will integrate Subsquid’s SDK with Google BigQuery, enabling developers to seamlessly analyze robust blockchain data. This integration will provide enterprises and big data analytics platforms with access to extensive blockchain data.

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Zhelezov stated:

“By eliminating vendor-lock and serving data in a P2P manner, Subsquid is a game-changer, and a fundamental improvement over the status quo of centralized solutions that have full control over the data.”

This collaboration follows a highly successful testnet, which attracted over 70,000 participants and 20,000 indexers, and previous integrations with Berachain, Neon EVM, CORE, and Starknet.

Subsquid serves as a decentralized data lake and query engine, expediting developers’ access to critical data for building and testing decentralized applications (dApps). The solution supports networks such as Polkadot and Kusama and has expanded to Ethereum and Solana.

Source: cryptoslate.com

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