According to TechCrunch, decentralized social network Bluesky announced the completion of a $100 million Series B funding round (led by Bain Capital Crypto, actually completed in April 2025 but previously undisclosed), with participating investors including Alumni Ventures, True Ventures, Anthos Capital, Bloomberg Beta, and Knight Foundation; the valuation was not disclosed. This announcement came after CEO Jay Graber announced his departure and transition to Chief Innovation Officer. The company plans to bring in a new CEO to drive commercialization.

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