Mixed execution network developer Fluent Labs completes $8 million financing, led by Polychain Capital

according to The Block, hybrid execution network developer Fluent Labs has completed a $8 million funding round, led by Polychain Capital, with participation from Primitive, dao5, Symbolic Capital, Builder Capital, Nomad Capital, Public Works, and angel investors Balaji, Dingaling, among others. The $8 million is the total amount raised by Fluent Labs to date, although the company declined to disclose its valuation.

Fluent is the first hybrid execution network, an Ethereum L2 that combines Wasm, EVM, and SVM applications into a unified execution environment. Hybrid execution allows programs written for different VMs to work together in a unified execution environment.