Bluesky has secured $100 million in Series B funding following a CEO transition. The funding will be used to expand the company's team and continue development of both the Bluesky app and its underlying ATProto protocol. This significant investment comes at a time when decentralized social media platforms are gaining increased attention.
Background
Bluesky is a decentralized social media platform originally incubated by Twitter, built on the AT Protocol (ATProto) which aims to create an open standard for social media. The platform has been positioning itself as an alternative to centralized social networks.
- Source
- TechCrunch
- Published
- Mar 20, 2026 at 03:00 AM
- Score
- 6.0 / 10