BuildBear co-founder Dipesh Sukhani
BuildBear Labs, a Singapore-based innovator in Web3 development tools, has raised approximately US$1.9 million in funding co-led by Superscrypt, Tribe Capital, and 1kx.
Iterative, Plug-N-Play, and several angels, including Kris Kaczor (creator of Typechain and DethCrypto) and Ken Fromm(ex-Ethereum Enterprise Alliance), also joined the round.
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The capital will be used to accelerate the development of BuildBear Labs’s flagship platform.
Founded by Dipesh Sukhani and Emmanuel Antony, BuildBear Labs is building an automated and continuous testing engine (ACTE) inspired by tools like BrowserStack that goes beyond standard testing to address the unique complexities of the Web3 landscape.
A specialised platform dedicated to dApp development and testing, it offers developers the ability to craft customised Private Testnet sandboxes across multiple Ethereum Virtual Machine (EVM) and EVM-compatible blockchain networks.
BuildBear Labs’s key features include private faucets for unlimited Native and ERC20 token minting.
Also Read: How AI and blockchain collaborate for a transparent Web3 future
The Web3 firm claims to have created more than 7,700 sandbox testing environments and an active retention rate exceeding 35 per cent.
BuildBear is also actively collaborating with industry leaders like RemixIDE, Saffold-ETH, Cookbook, and SolidityScan, to provide a collaborative environment conducive to shared knowledge.
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