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Created October 31, 2023

Business Milestones: Series A ($15M) Closed & Taproot Assets Support Started

Phase

Current Phase
II. Strategic Pivot: v1.5 Implementation in Simulation Environment Initiated, Series A ($15M) Closed, Advantage 4.1, Taproot Assets Mainnet Support 26

Technical Milestones

Key Activities
Implementation of v1.5 in the simulation environment began. The multi-asset routing model required significant development work to handle the increased complexity of routing decisions across multiple asset types.

Additional Technical Details:

II. Strategic Pivot: v1.5 Implementation in Simulation Environment Initiated

Business Milestones

Business Activities
Series A round of $15M was successfully closed. This major funding milestone provided resources to accelerate research, expand the team, and begin planning for alpha testing with real network partners. Simultaneously, we began preparing for Taproot Assets support, recognizing it as a critical future capability.

Additional Business Details:

Series A ($15M) Closed

Quantum Annealing Hardware

Hardware Used
Advantage 4.1

Hardware Specifications:

Advantage 4.1

Taproot Assets Mainnet Support 26

Market Context

Market Environment
Taproot Assets mainnet support was released, marking the beginning of multi-asset Lightning Network capabilities. This validated our v1.5 research direction and created immediate market need for multi-asset routing optimization.

Additional Market Information:

Taproot Assets Mainnet Support 26