Optimum, one of the exciting new startups we’re profiling, has just closed $11 million in seed funding! This company is focused on developing an open, distributed, high-performance memory infrastructure designed for blockchain networks. 1kx is leading the financing, which will accelerate Optimum’s capacity to innovate and deliver its powerful solutions into the market. All of these developments will improve efficient data transmission, storage and access with the blockchain space. This funding would make for a big jump for Optimum. The company is excited to rise to the growing challenge of managing data in sprawling decentralized architectures.

A mix of institutional and individual investors joined the seed round. Their engagement is a measure of just how much interest there is in Optimum’s cutting-edge approach to blockchain infrastructure. Armed with this new capital, Optimum is poised to expand its team and further develop its technology. The company will leverage the proceeds to develop strategic partnerships aimed at increasing adoption across all blockchain networks. The company is dead-set on improving data efficiency and scalability. This commitment to innovation makes it one of the most compelling players in the fast-developing world of decentralized technologies.

Optimum's Innovative Solutions

Optimum is passionate about building a more productive, efficient and scalable blockchain ecosystem with its decentralized memory infrastructure. The company’s two flagship products are purpose-built to solve the pain points of today’s blockchain data management solutions. These products are the high-performance node communication layer OptimumP2P and the decentralized memory layer DeRAM.

OptimumP2P is specifically designed to maximize the channels of communication between nodes in a blockchain network, minimizing latency and increasing the overall performance of the network. By optimizing their data transmission process, OptimumP2P improves the speed and reliability of blockchain operations. DeRAM provides a new decentralized memory layer, significantly enhancing the way we store and access data. This improvement is essential to meet the increasing data needs of blockchain applications.

At the core of Optimum’s technology is a powerful, future-ready Random Linear Network Coding (RLNC). RLNC is a powerful, decentralized encoding technique for distributed systems, conceived by MIT professor Muriel Médard. This innovative technology increases speed, efficiency and reliability of data transmission. Above all, it encodes data packets to resist packet loss and navigate through complex network disruptions.

The Power of Random Linear Network Coding (RLNC)

Random Linear Network Coding (RLNC) is at the heart of Optimum’s technology. It brings huge benefits over existing forms of data communication. Originally developed by MIT professor Muriel Médard, RLNC is a decentralized encoding technique optimized for use in distributed environments. This cutting-edge technique improves the efficiency and reliability of data transmission in blockchain networks.

RLNC encodes data packets such that every packet can be used to recover the original data. This approach is able to protect your identity even when packets are lost in route. Unlike traditional methods that require retransmission of lost packets, RLNC enables the reconstruction of data from any sufficient subset of received packets. This greatly mitigates the effects of network outages and makes data delivery much more resilient.

Optimum’s solutions utilize RLNC to increase performance. This method makes it possible for blockchain networks to process heavy data loads more quickly and accurately. By employing a technique called network coding, RLNC minimizes the reliance on retransmissions and maximizes data throughput. This improvement paves the way for a more performant and scalable blockchain ecosystem. This technology, therefore, is very well suited for distributed settings, such as those found within the transportation network, where connectivity can be volatile.

Investors and Future Plans

1kx also led the $11 million seed round. A broad syndicate of investors participated, including Robot Ventures, Finality Capital, Spartan, CMT Digital, SNZ, Triton Capital, Big Brain, CMS, Longhash, NGC, Animoca, GSR, Caladan and Reforge. Pledgeline was joined in the funding round by Fund and Maven11. Coinbase Ventures, Susquehanna, Arrington Capital and Animoca Ventures participated in the funding round. Their participation further emphasizes the deep conviction in Optimum’s vision and technology.

Optimum intends to use the new capital to grow its team and expedite development of its core products. The firm is dedicated to improving the functionalities of OptimumP2P and DeRAM. Their mission is to ensure that such tools are as fast and smart as possible for any blockchain developers, ever. Moreover, the goal of Optimum is to establish important alliances with projects and blockchain companies to promote use of their solutions.

Optimum is looking to be the new generation of applications built on blockchain’s next foundational layer. We accomplish this by bringing in the smarter, faster, cheaper answers to transmitting, storing and accessing data. The company’s technology is blockchain agnostic and can easily be integrated into any blockchain network. This versatility unlocks a new universe of potential use cases. Optimum enjoys deep backing from notable investors. With a strong roadmap for future development, it is ready to make a major impact on the blockchain industry.