Solmate raised $11.4 million in funding after its IPO, valuing the company at $53.1 million.

CoinFeed reported on May 27th that Solmate, a UAE-based Solana infrastructure service provider, has completed an $11.4 million post-IPO round, valuing the company at $53.1 million post-money. The round was led by investors Keren Maimon and Ron Sade. Solmate primarily provides institutional-grade Solana validators and RPC services, focusing on network infrastructure development.