Nitro Labs has raised $4 million to develop its SVM platform

The startup Nitro Labs has completed its initial funding round. According to its results, the developers received $4 million. This stage of fundraising was led by the investment company Lemniscap. The round was also attended by such funds as Borderless, Race, No Limit Holdings, Animoca Ventures and Finality, as well as private investors from Tensor, Solana, Jump and Spartan. The funds raised will be used to accelerate the development of the Termina platform, the 1st system for deploying applications based on Solana Virtual Machine (SVM).

The main goal of Nitro Labs is to provide developers with a tool to build high-performance and adaptable applications. According to the team, modern decentralized applications (dApps) need not only high speed but also flexibility. That’s why the developers created Termina, which enables the creation of software with dedicated resources to maximize performance.

Despite the high speed of Solana’s network, at peak times, developers face problems related to network congestion. This often leads to migration to centralized servers. Termina solves this problem by providing individual block space for each application, keeping task execution closer to the main layer (L1) of the network and ensuring consistent performance even under high load conditions.

Termina’s target applications include decentralized physical object networks (DePINs), high-frequency trading and payment systems, for which speed and stability are particularly important. This approach makes the platform attractive to startups looking to minimize latency and improve application performance across the ecosystem.