Blockchain infrastructure company NextBlock has invested $3 million in the seed round of Soda Labs, backing the company’s push to scale programmable privacy technology for financial activity on public blockchains. The funding comes as Soda Labs shifts from its existing gcEVM privacy layer to Soda Bubble, a chain-agnostic co-processor designed to enable privacy-preserving computation across multiple blockchain networks.
According to CoinJournal, Soda Labs’ technology has already processed more than 100 million transactions on the COTI network. Applications deployed on its stack include tokenization platform Zoniqx and perpetuals exchange PriveX. The company is also extending Bubble to major EVM ecosystems including Ethereum, Polygon, Arbitrum, and Base, while planning support for non-EVM chains such as Solana.
Soda Labs said the new capital will be used over the next 12 to 18 months to expand commercial use cases, grow its validator network, widen blockchain coverage, and deepen integrations with financial infrastructure such as banks and payments companies. The company also said its GC-MPC architecture can deliver roughly 10x to 100x higher throughput than existing alternatives, while lowering transaction costs by about 100x to 1000x.
Blockchain infrastructure company NextBlock has invested $3 million in the seed round of Soda Labs, a move aimed at helping the startup expand programmable privacy technology for financial activity on public blockchains.
Soda Labs is moving away from its existing gcEVM privacy layer and toward Soda Bubble, a chain-agnostic co-processor built to enable privacy-preserving computation across different blockchain networks.
According to CoinJournal, Soda Labs’ technology has processed more than 100 million transactions on the COTI network. Applications deployed using its technology include tokenization platform Zoniqx and perpetuals exchange PriveX.
The company is also extending Bubble to major EVM ecosystems, including Ethereum, Polygon, Arbitrum, and Base. It also plans to expand to non-EVM networks such as Solana.
Soda Labs said the new funding will be used over the next 12 to 18 months to expand commercial applications, scale its validator network, broaden blockchain coverage, and build integrations with financial infrastructure including banks and payments companies.
The company said its GC-MPC architecture can provide about 10x to 100x higher throughput than existing solutions, while reducing transaction costs by around 100x to 1000x.
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