Swiss-based Anapaya Systems, a SCION technology provider, announced that it has secured €1.8M in funding from Mysten Labs, a US-based Web3 infrastructure technology company and the initial contributor to Sui blockchain, a pioneering Layer 1 blockchain and smart contract platform.
The two institutions mark the investment as the start of a partnership to build a secure, highly accessible, and high-performance Web3 infrastructure to strengthen the SCION next-generation internet.
Compared to the previous iterations of the World Wide Web, the Web3 environment uses trustless networks with decentralised applications with involvement from multiple parties. This unique characteristic allows Web3 to create a highly secure and accessible communication platform for everyone.
Evan Cheng, CEO and Co-Founder of Mysten Labs, says, “SCION’s highly secure and efficient communication fabric will provide yet another key differentiator for Sui, as we continue to prioritise the highest possible level of security.”
Industry veterans Adrian Perrig, David Basin, Peter Muller, and Samuel Hitz founded Anapaya Systems in 2017. Perrig had prior experience leading a team of researchers to solve existing flaws of the Border Gateway Protocol (BGP) by inventing a new network protocol.
Thus far, Anapaya Systems has collaborated with prominent institutions from Swiss National Bank, SIX, Swisscom, Sunrise, and SWITCH by delivering the Secure Swiss Finance Network (SSFN) to create the most secure and performant communication work for the financial industry.
The SCION technology provider offers secure Points-of-Presence (PoPs) in over 60 data centres worldwide, including Italy, France, Germany, Indonesia, Singapore, Hong Kong, and South Korea.