Coinfund leads $ 10 million to the 1 Datachain Platform IRYS layer star-news.press/wp

IRYS raised $ 10 million in a round A series led by Coinfund, as it looks to open the value through the 3 trillion dollar data economics.

IRYS, Datachain platform is looking forward to processing the basic palaces in the data market worth $ 3 trillion, He said She got a $ 10 million tour of prominent investment capital companies and investors.

According to the details, IRYS, which was shared with Crypto.News, on August 21, where Crypto Native Investment Coinfund led the financing round, with the participation of Amper Group, Hypersphere, Tykhe Ventures, Wagmi Ventures and Varrock Ventures, Bred VC and Echo Group. The latest increase in IRYS capital injection is $ 20 million.

With eyes on the fast data economy, IRYS is a pioneer in the 1st Datachain infrastructure that will allow users to take advantage of the value that comes with the data it creates. To achieve this, IRYS is looking at the Blockchain platform that combines the data layer and the original smart contracts.

The use of the two, with the high integration of artificial intelligence, provides a key system that allows users to include instructions on license, income control and access to data, a design that means that data can generate value to its creators.

“The data economy suffers from a huge infrastructure problem,” said Josh Pinaron, CEO and IRS founder. “Artificial intelligence companies are revealing trillion dollars from the content while creators see nothing. Institutions sit on valuable data groups they cannot write down. We are building the infrastructure that finally allows data creators to capture the value they generate, and convert data that is stored historically constantly, into programmed economic assets.”

“Aws” for ONChain data

IRYS, which launched the programmable Datachain test in January 2025, provides a compatible implementation of the ETHEREUM virtual system and witnessed remarkable growth with more than 80 strategic partners and more than 600 million data processing transactions. The platform also includes more than 4 million active portfolios.

TEAM IRYS plans to use financing to expand infrastructure and strategic partnerships. Her eyes to accelerate the institutional adoption of the Datachain economy before its main launch.

As Einar Braathen, a partner in Coinfund Notes, can be the “AWS moment” for the datachain system. His comment indicates the subversive impact caused by the Amazon Web Services service on the market.

“Irys represents the infrastructure layer of the artificial intelligence economy,” Braathen noted. “When traditional methods require the collection of multiple solutions, I created IRYS with a uniform infrastructure that makes programming data. This is the AWS moment for Onchain data.”