Subsquid, a pioneering Web3 indexing provider, has announced a significant milestone, securing $17.5 million in investment to further develop its omnichain indexing solution. This funding comes ahead of its highly anticipated token launch and marks a crucial collaboration with Google BigQuery, enabling developers to tap into robust blockchain data analysis.

Through the integration of Subsquid's SDK with Google BigQuery, businesses and big data analytics will now have access to a powerful blockchain data source. This integration has already been successfully implemented, allowing developers to leverage Google's technology to analyze blockchain data. Subsquid's Squid SDK has seamlessly integrated with Google BigQuery, paving the way for seamless blockchain data analysis.

Subsquid's recent community sale raised $6.3 million in just 19 minutes, setting a new record for the fastest CoinList sale ever. This funding round saw investments from prominent players like DFG, Hypersphere, Zee Prime, Blockchange, and Lattice, totaling over $17.5 million. Jack Platts, Co-Founder of Hypersphere, emphasized the importance of supporting networks like Subsquid, which provide essential data access to developers.

Subsquid Co-Founder Dmitry Zhelezov expressed his excitement about the token launch, stating that it marks the beginning of a new era in the open internet, characterized by permissionless data access for Web3 builders. By eliminating vendor-lock and serving data in a peer-to-peer manner, Subsquid is poised to revolutionize the industry, offering a fundamental improvement over centralized solutions that control data.