Oasis Labs raises $45M for ‘privacy-first’ cloud

Oasis Labs Inc., a startup co-founded and led by Prof. Dawn Song to build a high-performance cloud computing platform on blockchain, announced that it has raised $45 million in funding. Oasis is building a cloud-based blockchain platform intended to outdo existing distributed-ledger implementations in two key areas: performance and privacy. Song elaborated in a statement that “the Oasis platform aims to give users control over their data, without the underperformance and lack of privacy of existing blockchain platforms.”  The funding round saw the participation of more than 70 investors including Accel and a16z crypto, an Andreesson Horowitz fund.