Blockchain company Unto Labs has completed a $14.4 million financing round, led by Framework Ventures and Electric Capital

ChainCatcher news, according to Fortune magazine, the crypto company Unto Labs, founded by former Jump Crypto employees, has completed a $14.4 million funding round, led by Framework Ventures and Electric Capital, with a valuation of $140 million.

Heeger is developing its own virtual machine ThruVM for the planned Unto blockchain, which will use RISC-V. Unto Labs aims to use this funding round to hire more employees, hoping to expand the team size from 5 to 10 by the end of the year.