By Canopy Network, a blockchain development framework focused on AI-assisted application building, has announced an $8.5 million seed funding round to support its next stage of growth.
The funding will be used to support Canopy’s planned mainnet launch, expand its engineering team, and further develop its developer tooling.
The company also completed a strategic acquisition of infrastructure technology from Tanssi, a move intended to strengthen its technical foundation and accelerate deployment.
Through the acquisition, several major investors — including Arrington Capital, Fenbushi Capital, Borderless Capital, and SNZ Capital — have also become stakeholders in Canopy, aligning with the company’s long-term vision of simplifying decentralized application development.
Canopy aims to lower the barrier to blockchain development by reducing technical complexity for builders. The platform is designed to condense multiple application layers into a simplified code structure that both developers and AI coding assistants can understand and work with efficiently.
The company says this approach enables teams to move from concept to functional application much faster than traditional blockchain frameworks, which often require specialized engineering expertise. At the same time, it offers more flexibility than no-code tools, which can limit customization and scalability.
A key part of Canopy’s strategy is making blockchain infrastructure more accessible to non-technical founders while allowing developers to maintain full control over their applications and infrastructure.
The acquisition of Tanssi technology is expected to support this effort by providing established infrastructure components, allowing Canopy to focus more heavily on product development and user experience rather than rebuilding foundational systems.
Early activity on Canopy’s public testnet suggests growing interest. According to the company, nearly 27,000 projects were launched within the first 12 days of the public testnet. That number has since grown to more than 331,000 launches.
Keli Callaghan, Partner at Arrington Capital, said:
“Canopy is addressing one of blockchain’s longstanding challenges: making development faster and more accessible. By combining a full-stack framework with built-in security and interoperability, builders can move from idea to launch far more efficiently.”
Adam Liposky, CEO of Canopy Network, said the company’s long-term vision is to expand access to blockchain development beyond traditional engineering teams.
“Over the last two years, we’ve built a framework that enables developers and AI agents to create complete onchain applications using simple, readable code. Our goal is to open blockchain development to a much broader audience of builders.”
Canopy’s immediate focus remains its mainnet launch, with additional product updates expected in the coming months. As AI-generated software development continues to evolve, the company is positioning itself at the intersection of artificial intelligence and decentralized infrastructure.
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