Celestia, which is building a modular blockchain architecture, raised $55M, a source says in a Series A and a Series B held earlier this year at a $1B valuation (Ryan Weeks/The Block)

Mike Truppa / The Block:
Matter Labs, which develops the Ethereum scaling protocol zkSync, raised a $200M Series C led by Blockchain Capital and Dragonfly, bringing its funding to $458M  —  – Matter Labs has raised $200 million in a Series C round led by Blockchain Capital and Dragonfly.

Ryan Weeks / The Block:
Mysten Labs, which is developing the Sui blockchain, raised a $300M Series B led by FTX at a $2B+ valuation; all five founders worked at Meta’s crypto unit  —  – Mysten’s Series B round values the company at over $2 billion, giving investors equity and token warrants.

Gillian Tan / Bloomberg:
Source: Sam Bankman-Fried told investors that FTX needs a cash injection or the company would need to file for bankruptcy due to a shortfall of up to $8B  —  Sam Bankman-Fried told FTX.com investors on Wednesday that without a cash injection the company would need to file for bankruptcy …

Frederic Lardinois / TechCrunch:
Merge, an API integration service focused on HR and accounting systems, raised a $55M Series B led by Accel, says over 2,500 companies use it in their SaaS apps  —  The funding environment may have changed in recent months, but startups with strong fundamentals are still able to raise.

Brandy Betz / CoinDesk:
Blockchain intelligence startup TRM Labs raised a $70M Series B extension led by Thoma Bravo, bringing the round to $130M  —  Goldman Sachs, PayPal Ventures, Amex Ventures, and Citi Ventures also participated.  —  Blockchain intelligence firm TRM Labs has raised $70 million …

Ingrid Lunden / TechCrunch:
OTI Lumionics, which is developing CPM Patterning display tech to let device makers avoid notches or cut-outs, raised a $55M Series B from LG, Samsung, and more  —  OTI Lumionics, an eye-catching startup out of Canada that has been working on display materials for device makers to create uninterrupted …