Web3 authentication platform Dynamic completes $13.5 million funding, led by a16z and Founders Fund

ChainCatcher news, according to Fortune, Web3 authentication startup Dynamic has completed a $13.5 million funding round, led by a16z and Founders Fund. Most of the new funds will be used for hiring engineers, with a portion allocated for marketing. Dynamic Labs was founded by MIT graduates Itai Turbahn and Yoni Goldberg, who serve as CEO and CTO, respectively.

Dynamic Labs aims to provide technology for both cryptocurrency and non-cryptocurrency companies to create a seamless login experience powered by digital wallets, with clients including NFT company Doodles and blockchain analytics platform Flooz. Previously reported, Dynamic completed a $7.5 million seed funding round in 2022, led by a16z.