Arch Labs Raises $13 Million to Launch Bitcoin Virtual Machine

Arch Labs has secured a $13 million Series A funding round, propelling the company towards launching its ArchVM and expanding Bitcoin’s capabilities. This funding will accelerate development of the ArchVM, which brings secure, fully verifiable smart contract functionality to Bitcoin, enabling the creation of decentralized applications and protocols on the Bitcoin blockchain. Current limitations on Bitcoin hinder innovation, but Arch Labs aims to overcome these barriers by unlocking new possibilities for the Bitcoin ecosystem.