Crypto data platform startup Shadow, which says it can reduce development costs on Ethereum, has raised $9 million in a seed round led by Paradigm.

Additional investors included Coinbase Ventures, Electric Capital, Ethereum Foundation, Uniswap and Flashbots, the company said in a statement provided to The Block.

The company's first product, which allows "anyone to augment any contract to get the exact data they need with custom events and view functions," is now open for public demo. Using so-called "shadow forks," private execution environments are designed to mirror the state of a public blockchain in real time. 

The platform can be used to help address problems frequently seen by onchain analysts and researchers including inadequate events, in addition to contract optimization …