The major architectural change between Coinshift version 1 and Coinshift version 2 is that users can add multiple safes to a single organization across multiple chains, whereas in version 1, one safe address was tied to one organization, in Coinshift’s feature-rich version 2 architecture, treasury managers and sub-DAO committees will be able to efficiently consolidate all their safes across networks and seamlessly visualize overall treasury balances. In addition, users will have global access to payees, labels, budgets, reporting and advanced access level control between safes.

“With Coinshift’s version 1, our team has done an incredible job of building a sophisticated mass payouts platform. With our version 2, we are taking a massive leap forward to enable DAOs of any size, to manage their treasury.


The funding round also boasts an impressive list of technology investors, founders, and business leaders participating, including prominent Silicon Valley angel, Gokul Rajaram; co-founder and CEO of Front, Mathilde Collin; and CEO of Snyk, Peter McKay. Cortex’s service catalog is the first system of record for engineering, enabling development of higher-quality software. It helps engineering leaders drive adoption of microservices best practices and gives them visibility into and control over all services.
The company has experienced 10X customer growth since its launch in May 2021 and has been fully deployed across several unicorn engineering organizations including Rappi, Grammarly, and 8×8.

Software engineering teams today struggle to operate at scale. As companies grow, architectures become more complex and teams retract into silos.

But we’re just getting started, and we are excited for the opportunity that lies ahead as we work toward building the most sophisticated next-generation cryptocurrency treasury management platform.”

Investor Quotes

Tiger Global: “We’ve been impressed by the pace of product development at Coinshift since we met Tarun and the team. It’s clear there is a huge need for crypto native treasury management and payments, and we are excited to back Coinshift as they roll out the next iteration of the platform,” said Alex Cook, Partner, Tiger Global.

“Tarun and the team are building heads down at Coinshift. They have made wonderful progress since Sequoia Capital India participated in their seed funding last year.

15m series tiger sequoias

Alameda Ventures: “Excited to observe Coinshift leading the infrastructures to bring simple, flexible, and efficient DAO/treasury management tool into a wider audience,” said Adam, Partner at Alameda Ventures.

Notable individual investors include:

  • Ryan Hoover (Founder of Product Hunt and the Weekend Fund)
  • Sandeep Nailwal — Co-Founder and COO, Polygon
  • Shiva Rajaraman — VP at Opensea
  • Prabhakar Reddy — Founder of FalconX
  • Scott Belsky — CPO Adobe and Founder of Behance
  • Lenny Rachitsky — Previously Product Manager, Airbnb
  • Utsav Somani — Iseed and Head of Angelist India
  • Shaan Puri — Previously Director of Product, Twitch

About CoinshiftCoinshift is a leading treasury management and infrastructure platform that enables DAOs and crypto businesses to manage cash reserves, general financing, and overall risk.

We have a single goal: to replace the current crop of cumbersome and expensive video editing software with an intelligent, yet flexible platform. InVideo cuts the time to create a professional quality video by over 90%, and allows the creator to focus on impact and message.

“This fresh capital injection will allow us to continue our mission to build a world-class technology solution, expand at scale and help more individuals and businesses create unique videos that fit their needs in the easiest way possible.”

“From the time of Surge 02, Sanket and Harsh have impressed us with their maniacal obsession with customer experience – and this shows through in their product choices and consistently high NPS”, said Prateek Sharma, VP, Sequoia Capital India LLP.

“We believe the global SaaS companies of tomorrow are going to be built from India.

  • (New!) Cortex Teams helps create high-performing engineering cultures by driving collective ownership of services, accelerating developer onboarding, and improving cross-team collaboration.
  • The Cortex Service Catalog is easily integrated with engineering teams’ architectures and tools, making it simple for them to organize critical information about their services and understand their dependencies.
  • Scorecards allow teams to define standards for their services, measuring things like production readiness and development maturity, allowing engineering leaders to understand areas of risk in their services and prioritize initiatives accordingly.
  • “Cortex has completely transformed the way we manage our microservices and make decisions as an organization.

    This fresh capital injection will allow us to continue our mission to build a world-class technology solution, expand at scale and help more individuals and businesses create unique videos that fit their needs in the easiest way possible.”

    InVideo believes that the future of video creation is in the browser, across devices, collaborative and easy. They are re-thinking the video stack from the ground up and making content creation as frictionless as possible. The company currently employs 80 people from across the world.
    InVideo is part of the no-code/no-skill movement and allows amateurs and professionals alike to create high-quality video content in minutes.

    Shishir Gupta, Founder and CEO, StartupLanes

    Don’t keep wondering about funding, you can also raise funds. Learn how to raise funds here: Yes I want to raise funds.

    If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.

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    The right investment is key to beating inflation and growing your wealth.

    Please replace the release dated November 18, 2021, with the following corrected version due to multiple revisions.

    This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211118005546/en/

    Cortex automates tracking of production readiness across all services. (Graphic: Business Wire)

    The updated release reads:

    CORTEX ANNOUNCES $15M IN SERIES A FUNDING TO HELP ENGINEERING TEAMS DRIVE MICROSERVICES BEST PRACTICES

    Cortex has been adopted across the entire team at multiple unicorn engineering organizations

    Cortex today announced $15 million in Series A funding co-led by Tiger Global and Sequoia Capital.

    Groww, Unacademy, Twilio, CleverTap, UrbanLadder, smallcase, and Simpl.

    We will use the funds raised to scale engineering, business development, and operations teams. We are building newer insurance products for SMEs with teams as small as 7 employees, who cannot afford to pay annual premiums. Additionally, we’re looking at deeper API integrations with leading insurers like ICICI Lombard, Care Health, Star Health, and New India Assurance.

    Founder or HR? Get a quote for your team to see what we’ve built for you.

    Excited about our mission? Join us to build the future of health insurance.

    What we’re building

    When purchasing health insurance for their teams, even the best businesses experience challenges around:

    Accessibility: smaller companies cannot access high-quality insurance plans.

    InVideo, the modern video creation platform that allows users to create high quality videos for any form of digital media, has today announced a $15M Series A led by Sequoia Capital India.

    The round also includes participation from Tiger Global, Hummingbird, RTP Global and Base.

    InVideo offers an intuitive, full-featured video creation experience for amateurs and professionals alike. The platform combines video editing and compositing in a browser first solution, increasing accessibility, removing rendering time, shortening feedback loops, and making the process more inclusive.

    Since launching a year ago, the platform has over 800,000 users from more than 150 countries who have created videos in over 75 languages. InVideo is a freemium product with paid plans starting at $10/mo.

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