nxyz raises $40 million in Series A led by Paradigm to enable faster blockchain indexing

SAN FRANCISCO–(BUSINESS WIRE). Srinivasan, Jaynti (JD) Kanani, Jing Wang, Packy McCormick, Surojit Chatterjee, Ryan Selkis and others. Co-founder Sridhar Ramaswamy will become CEO, while continuing in his role as CEO of user-first, private search engine Neeva. The funds will be used to grow nxyz’s team, build robust support across new use cases and expand across different chains.

nxyz aims to empower a new generation of builders, creatives and entrepreneurs to develop a better internet by providing fast, flexible and reliable blockchain indexing and data infrastructure. Spinned out of Neeva, nxyz ingests data directly from blockchains and their associated applications in real-time, providing developers with an efficient API suite to easily consume blockchain data.

“I am excited to introduce nxyz to the world and see the potential it will unlock for blockchain innovation,” said Sridhar Ramaswamy, nxyz CEO. “We created nxyz so developers can focus on building at scale, and have the fast and easy method of indexing the data they need. I’m convinced this is exactly the kind of innovation needed to ensure widespread adoption and success for web3.”

Built by distributed systems engineers behind Google and Neeva, nxyz’s lightning-fast blockchain API provides real-time blockchain data within less than 200 milliseconds. nxyz’s ability to scale up to support high throughput directly benefits applications such as wallets and NFT projects.

Since the inception of nxyz earlier this year, the company has taken on beta customers and processed over 5 billion transactions across Ethereum, Polygon, Binance, Avalanche, Arbitrum and Optimism.

“Web3 developers today lack fast, flexible and reliable infrastructure to support their applications, which is holding the industry back from widespread adoption,” said Matt Huang, co-founder and managing partner of Paradigm. “nxyz has a truly superlative team that has built the best data indexing infrastructure for web3 and we at Paradigm are excited to support them.”

With this funding, nxyz will expand its team globally across engineering and partnerships and onboard multiple blockchains in the coming months. nxyz has team members in Mountain View, Austin and New York.

About nxyz

nxyz was founded in 2022 with the task of empowering a new generation of developers and creators to build a better internet for everyone. nxyz’s platform provides rapid access to data and infrastructure, allowing developers to integrate real-time data APIs and rapidly deploy a full range of applications. With over 5 billion transactions, nxyz brings flexibility, scalability and simplicity to blockchain data. Visit us at

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