Overview
- Turnkey said Thursday it raised $12.5 million in a strategic round, lifting total funding above $65 million with backers including Circle Ventures and Sequoia Capital.
- The company plans to use the money to finish development and take its Verifiable Cloud product from private beta to a public launch.
- Verifiable Cloud runs code inside secure hardware enclaves and produces cryptographic proofs so partners can verify that wallet, payment, and compliance tasks executed as intended.
- Turnkey lists customers such as Anchorage Digital, Flutterwave, Polymarket, and World App, and it is adding tools like transaction management, gas sponsorship, verifiable policies, and fiat onramps through Coinbase and MoonPay.
- Executives link demand to rising stablecoin payments and AI agents that trigger onchain transactions, which could push more firms to seek verifiable controls for automated finance.