PANews reported on April 29 that according to Fortune, Unto Labs announced the completion of a $14.4 million financing led by Framework Ventures and Electric Capital, with a valuation of $140 million. Unto is developing its own blockchain and self-developed virtual machine ThruVM, based on the RISC-V architecture, aiming to improve compatibility with traditional hardware and lower the entry threshold for non-crypto developers. The funds will be used to expand the team size and accelerate product development.