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Amboss Technologies Raises $4M Seed Round To Enhance Lightning Network for Bitcoin Payments

Amboss Technologies, an Oregon-based crypto firm focused on Lightning Network, has raised $4 million in seed funding to provide data analytics to service providers maintaining the network. The round was led by Stillmark and includes participation from Valor Equity Partners, Draper Associates, Fulgur Ventures, and Ride Wave Ventures.

Amboss serves as a professionalized version of the ThunderHub open-source tool, allowing underlying service providers on the Lightning Network to deduce the most efficient paths for routing payments. Over 30% of nodes on Lightning Network use Amboss, including nodes operated by Kraken and TBD, a Lightning-focused subsidiary of Block.

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