Validation Cloud Secures $5.8 Million in First External Funding Round
Validation Cloud, a Web3 infrastructure frontrunner, has successfully raised $5.8 million in its first external funding round. The funding was led by Cadenza Ventures, based in San Francisco, and attracted participation from various firms globally, including Blockchain Founders Fund, Bloccelerate, Blockwall, Side Door Ventures, Metamatic, GS Futures, and AP Capital.
Where is Validation Cloud Heading?
Validation Cloud was established by pioneers in Proof-of-Stake (POS), with a highly skilled team that includes professionals with experience at notable companies such as Uber, Workday, Deloitte, Citadel, Morgan Stanley, Binance, Crypto.com, Figure, and R3. The company has built a strong reputation through collaborations with emerging networks like Aptos (APT), Eigenlayer, and Berachain by providing the necessary infrastructure to support their user ecosystems.
Kumar Dandapani, Managing Partner at Cadenza Ventures, expressed confidence in Validation Cloud’s mission and their role as leaders in the Web3 space. He stated that Cadenza only invests in transformative technologies and sees Validation Cloud’s pioneering work in Proof-of-Stake and their commitment to next-generation Web3 infrastructure as a differentiating factor.
The Demand for Validation Cloud Solutions
Validation Cloud co-founder Alex Nwaka highlighted the urgent need for scalable and compliant infrastructure during a press statement. He emphasized that Validation Cloud recognized this critical need to onboard enterprises embracing Web3 and expressed gratitude for the support of their global investors who are helping accelerate the adoption of Validation Cloud’s platform.
Often referred to as “The Cloudflare of Web3,” Validation Cloud has developed a proprietary system architecture that incorporates several key advancements for Web3. The platform offers staking, Node API, and Data services to its users.
Hot Take: Validation Cloud’s Funding Signals Growing Confidence in Web3 Infrastructure
The successful funding round for Validation Cloud reflects the increasing confidence and recognition of the importance of Web3 infrastructure. With the participation of prominent investors and collaborations with emerging networks, Validation Cloud is well-positioned to bridge the gap between traditional enterprises and the expansive power of Web3.
The demand for scalable and compliant infrastructure in the Web3 space is evident, as more enterprises embrace this transformative technology. Validation Cloud’s commitment to providing essential infrastructure and its track record of successful collaborations make it a key player in this evolving landscape.
As Web3 continues to gain traction, innovative companies like Validation Cloud will play a crucial role in supporting the growth and adoption of decentralized networks. The $5.8 million funding round marks an important milestone for Validation Cloud and further solidifies its position as a leader in the Web3 infrastructure sector.
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