Andrena Raises $18 Million in Extended Series A Funding Round to Develop Dawn
Decentralized alternatives to traditionally centralized services are taking advantage of blockchain technology to reach more people. Andrena, a U.S.-based internet service provider (ISP) announced the completion of a successful $18 million extended series A funding round. The round, led by Dragonfly Capital, had the participation of CMT Digital, Castle Island Ventures, Wintermute Ventures, 6th Man Ventures, and Parafi.

The company, which serves hundreds of customers across 10 states, including New York, New Jersey, Texas, Tennessee, Florida, and Pennsylvania, is introducing a new decentralized physical infrastructure network (depin) project called Dawn, which stands for Decentralized Autonomous Wireless Network, that will use the Solana blockchain to run its operations.