TechFlow news, on March 7, according to Fortune, artificial intelligence blockchain infrastructure company Validation Cloud announced the completion of a $15 million Series A funding round led by True Global Ventures, with participation from Cadenza, Blockchain Founders Fund, Side Door Ventures, and AP Capital.
Founded in 2017, Validation Cloud has now completed three funding rounds, raising a total of $30.8 million. The company offers three main products: token staking services, software connecting computers to proof-of-stake networks, and data access powered by artificial intelligence analytics.
Alex Nwaka, co-founder and chief strategy officer of Validation Cloud, said the company's mission is "to become the intersection point of every transaction and interaction in Web3." Currently, the company manages over $1.5 billion in staked assets across dozens of blockchains. The new funds will be used to expand its product engineering and marketing teams, as well as drive global expansion.
