Former Google ads boss launches ‘Web3’ search startup with backing from Coinbase, top VCs

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Former Google ads boss launches ‘Web3’ search startup with backing from Coinbase, top VCs
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Sridhar Ramaswamy, the former head of Google's ad business, has raised $40 million in funding for a new crypto infrastructure startup called nxyz.

Sridhar Ramaswamy, who led Google's advertising business from 2013 to 2018, has launched a Web3 company called nxyz.

The company raised $40 million in a funding round led by crypto-focused venture fund Paradigm, with additional backing from Coinbase, Sequoia and Greylock.Krisztian Bocsi | Bloomberg | Getty ImagesSridhar Ramaswamy, who led the internet giant's ad business from 2013 to 2018, has started a new company called nxyz. The venture is officially launching Wednesday after attracting investment from several top investors, he told CNBC exclusively.

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