Tech Company Financing Transactions
Ika Funding Round
Ika, based in Bangalore, secured $21 million from Sui Foundation.
Transaction Overview
Company Name
Announced On
4/28/2025
Transaction Type
Venture Equity
Amount
$21,000,000
Round
Undisclosed
Investors
Sui Foundation (Lead Investor)
Proceeds Purpose
Ika also demonstrated strong adoption from Sui users launching the "MF Squid Market" NFT art campaign, the largest and most successful NFT campaign in Sui history, receiving over 1.4M SUI, creating a strong and active grassroots community in the process.
Company Information
Company Status
Private & Independent
Industry
Blockchain
Mailing Address
No. 100, K.H.B Colony, 5th Block, Koramangala, Bangalore - 5
Bangalore, 560095
IN
Bangalore, 560095
IN
Phone
Undisclosed
Website
Email Address
Overview
?Ika is a cutting-edge Web3 infrastructure project focused on delivering the fastest and most scalable Multi-Party Computation (MPC) network. Built on the Sui blockchain, Ika offers sub-second transaction finality, supports up to 10,000 signatures per second, and utilizes a zero-trust architecture to ensure robust security. Its design aims to power multi-chain coordination and real-time applications across decentralized ecosystems.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Daniel Negari
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