Web3

$1.9M for BuildBear Labs to build on their dApp testing platform

February 29, 2024

Build with BuildBear Labs! This Singapore-based startup develops Web3 development tools for decentralized app (dApp) development and testing. Now, they just raised $1.9M.

  • According to the company, their user base has created over 7.7K sandbox testing environments. 
  • They’ve also recorded a growth rate of 8x in the past year.

Investor check. Superscrypt, Tribe Capital, and 1kx co-led the round, while Iterative, Plug-N-Play, and some angel investors also joined in!

🔤 The ABCs of BuildBear Labs

Building a dApp? You might want to check out BuildBear Labs. They’re building a Web3-focused Autonomoud and Continuous Testing Engine, inspired by BrowserStack.

  • Their platform lets you craft customized private testnets—complete with explorers, faucets, and RPCs—across multiple EVM and EVM-compatible blockchain networks to facilitate dApp testing.
  • This allows developers to spot vulnerabilities before launch.

Upgrade alert. With the funding announcement, BuildBear Labs also unveiled Phoenix Engine, an “ultra-powerful engine with 100% throughput” to improve user experience. 

  • According to their website, you can request beta access for a sandbox powered by Phoenix Engine here.

🧸 What the future holds?

BuildBear Labs will focus on developing their flagship platform.

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