Arch Labs Raises $13 Million to Launch Bitcoin Virtual Machine

Arch Labs has secured a $13 million Series A funding round, valuing the company at $200 million. The investment will fuel the development and launch of the ArchVM, enabling fast, secure, and verifiable smart contract functionality on Bitcoin. This move addresses the limitations of current approaches to Bitcoin applications. Bitcoin’s unparalleled security and liquidity remain largely untapped by centralized applications and exchanges or by bridging assets to Layer-2 networks. Arch Labs aims to leverage Bitcoin’s strengths to unlock decentralized applications and protocols within its ecosystem.