Irys, a London-founded programmable datachain, has raised $10 million in a Series A funding round led by CoinFund, with participation from Hypersphere, Tykhe Ventures, Varrock Ventures, Breed VC, Echo Group, Amber Group and WAGMI Ventures.
As reported by Business Insider, this round brings Irys’s total funding to $20 million since 2024 and will be used to support infrastructure growth and broader adoption of the company’s technology ahead of its upcoming mainnet launch.
Unlike earlier datachains that only offer static data storage, Irys enables smart contracts to directly interact with stored data, allowing for use cases like automated licensing and programmable intellectual property rights.
“AI companies scrape trillions of dollars worth of content while creators see nothing. Enterprises sit on valuable datasets they can’t monetize. We're building the infrastructure that finally allows data creators to capture the value they generate, turning data that historically is stored statically, into programmable economic assets,” CEO Josh Benaron said in a statement.
