Turnkey raises $12.5M for secure crypto cloud platform

Turnkey raised $12.5M led by Circle Ventures and Sequoia Capital to develop Verifiable Cloud, bringing total funding to $65M and expanding secure crypto infrastructure.

Turnkey has secured $12.5 million in a strategic investment round led by Circle Ventures, Sequoia Capital, and Archetype. Additional participation came from Bain Capital Crypto, Lightspeed Faction, Galaxy Ventures, and Variant, bringing Turnkey’s total funding to over $65 million. Turnkey specializes in wallet and key-management infrastructure for crypto applications, supporting non-custodial wallets and automated onchain transactions. The new funding will accelerate the development and public launch of Turnkey Verifiable Cloud, a product designed to enhance digital asset security. This platform enables companies to perform critical operations in isolated, verifiable environments using cryptographic proofs. The investment round reflects growing demand for secure transaction systems, fueled by stablecoin payments, AI agent automation, and programmable onchain applications. Turnkey’s infrastructure is trusted by leading clients and aims to deliver scalable, reliable solutions for the digital asset sector.