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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 the Knight Foundation; the valuation was not disclosed. This announcement came after CEO Jay Graber announced his departure and transition to Chief Innovation Officer, with the company planning to bring in a new CEO to drive commercialization.