Irys Raises $10M to Launch First Programmable Datachain

Irys has raised $10M in a Series A funding round led by CoinFund, bringing its total capital to $20M. The programmable datachain platform aims to unlock value in the $3 trillion data economy by embedding licensing, monetization, and access controls into data assets. Since launching its testnet in January 2025, Irys has processed over 600 million data transactions, supports 4 million active wallets, and collaborates with 80 AI-focused partners. This programmable datachain approach combines a high-performance data layer with a native smart contract execution layer for efficient onchain data services. Its predictable pricing model, anchored to physical storage costs, shields users from token volatility. Developers can integrate using familiar EVM-compatible tools within hours. This Series A funding will expedite Irys’s mainnet launch, infrastructure expansion, and strategic partnerships, as CoinFund partner Einar Braathen hails it as the ‘AWS moment for onchain data.’