Power Your Own Research (PYOR), an India-based firm delivering data and insights for the digital assets industry, has secured $4m in its seed funding round.
The funding round was led by crypto asset venture firm Castle Island Ventures.
PYOR also saw the participation of Future Perfect Venture, Hash3, CoinSwitch Ventures, Antler, Force Ventures, Coinbase Ventures, and investor Balaji Srinivasan in the funding round.
The firm expects to utilise the capital from the funding round to bolster the expansion of its core infrastructure and product platform. This will be by building out its interpretation layer for digital assets and expediting the participation of global institutes in digital assets, said the start-up.
PYOR’s goals are expected to be made possible through high-fidelity data and insights powered by high-quality execution.
Besides, the capital raised is expected to be leveraged to extend the team and hire a number of new roles.
Established in August 2022, PYOR seeks to offer key insights on digital assets through a custom-made desktop analytics interface.
The firm was founded by Krishna Hegde, Sharan Nair, Sarmad Nazki, and Yadunandan Batchu.
Hegde said: “Since launching PYOR last year, we’ve been laser-focused on building the industry standard for digital asset platforms.
“Unlike most asset classes, the digital assets segment is retail-led and, as a result, institutional-grade infrastructure for decision-making has thus far been limited.
“While market capitalisation of digital assets is in excess of $1 trillion, there remains a glaring need for effective data infrastructure to facilitate institutional participation.”
Presently in private beta, the firm has recently announced the launch of its Terminal product.
The plug and play data terminal allows institutions to access fundamental blockchain data and write private queries through a custom-made dashboard that meets their requirements, said PYOR.
