Validation Cloud Secures $5.8 Million in Funding to Propel Web3 Business Integration
In Brief
In an impressive first round of external financing, Validation Cloud has successfully secured $5.8 million, spearheaded by the San Francisco-based Cadenza Ventures.
Web3 infrastructure provider, Validation Cloud Today, the company revealed it has raised $5.8 million in its inaugural external funding funding round, led by San Francisco's Cadenza Ventures.
The funding round exceeded expectations and attracted contributions from a diverse global pool of reputable firms, including Blockchain Founders Fund, Bloccelerate, Blockwall, Side Door Ventures, Metamatic, GS Futures, and AP Capital.
"Validation Cloud recognized the vital necessity for scalable and compliant infrastructure to accommodate the growing wave of businesses adopting Web3,\" said Alex Nwaka, co-founder of Validation Cloud. \"We feel honored to collaborate with our global investors who are fast-tracking the integration of Validation Cloud's platform among forward-thinking networks, developers, and asset managers worldwide.\"
Validation Cloud delivers a range of customizable offerings that include staking solutions, node services, and data-as-a-service options. The company takes pride in its unique system architecture, which incorporates a variety of advancements tailored specifically for the Web3 landscape. This innovative architecture ensures a rapid, flexible, and intelligent global platform, enabling the smooth provision of staking services, Node API, and data to its clientele.
Commonly dubbed the \"Cloudflare of Web3,\" echoing Cloudflare’s pioneering initiatives to enhance infrastructure for Web2 and support high-demand applications like video streaming, Validation Cloud has positioned itself as a crucial player in the sector. This analogy highlights the company's significant influence on fostering innovation and generating value in the field. Web3 ecosystem .
Validation Cloud Grows Its Team for Extensive Web3 Projects
Founded by trailblazers in Proof-of-Stake technology, Validation Cloud has broadened its workforce to incorporate experienced professionals possessing vast expertise in crafting and executing solutions for large-scale undertakings.
Recruiting talent from distinguished institutions such as Uber, Workday, Deloitte, Citadel, Morgan Stanley, Binance, Crypto.com, Figure, and R3, the company places strong emphasis on nurturing a talent-focused culture with a diverse, global team.
"At Cadenza, we don’t just invest in every company; we invest in the future of transformative technologies. Validation Cloud’s innovative contributions to Proof-of-Stake and their unwavering commitment to cutting-edge Web3 infrastructure distinguish them as leaders in this space,\" stated Kumar Dandapani, Managing Partner at Cadenza. \"Cadenza is thrilled to lead this funding round and back Validation Cloud’s mission to connect traditional businesses with the vast potential of Web3.\"
Validation Cloud has earned a solid reputation for collaborating closely with networks in their nascent stages and bolstering their user ecosystems with top-notch infrastructure. Whether it's established networks like Chainlink, Hedera, and Stellar, or rising platforms like Aptos, Eigenlayer, and Berachain, Validation Cloud's solutions deliver the crucial support needed. foundations for enterprise adoption of networks.
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