According to official news, parallel MPC network Ika announced that it had received strategic investment from the Sui Foundation. Since then, Ika has received more than $21 million in financing and has reached a maximum valuation of $600 million in FDV in the private equity phase, and has received support from dozens of institutions in the Web3 sector, including Sui Foundation, DCG, Big Brain Holdings, Blockchange, Node Capital, Amplify Partners, Liquid2 Ventures, FalconX, Tykhe Block Ventures, Lightshift, Token Bay Capital, Collider, Zero Knowledge Ventures, NoLimit Holdings, Rubik Ventures, Dispersion Capital, Insignius Capital, Impatient Ventures, Cerulean Ventures, Earl Grey Capital, HDI Ventures, Flowdesk, TPC Ventures, Purechain Capital, Solr DAO, Heroic Ventures, as well as Naval Ravikant, NotVCs, G-20 Group, Artifact Capital, DSRV, Encapsulate, etc. According to reports, Ika is a parallel MPC (multi-party computing) network that will be launched on the Sui blockchain soon.