October 23, 2024
Validation Cloud, a Web3 data and AI firm, has successfully raised $10 million in a Series A funding round, with True Global Ventures leading the investment. The funding will be directed toward enhancing its AI product offerings, aimed at providing easy access to Web3 data and improving user experiences across various network ecosystems and applications. This strategic investment marks a significant milestone in Validation Cloud's mission to address the challenges of data accessibility in the Web3 space.
Founded in Zug, Switzerland, Validation Cloud has developed a multifaceted platform that includes staking, a node API, and AI-powered data services. The company has achieved growth in its staking services, surpassing $1 billion in assets staked, reflecting a 400% increase year-over-year. Additionally, its Node API has received accolades for delivering top-tier global performance, as verified by CompareNodes.
The company’s notable clientele includes industry giants such as Chainlink, Aptos, Consensys, Stellar, and Hedera, showcasing its growing influence in the Web3 landscape. The introduction of an AI platform that accelerates on-chain data exploration has further distinguished Validation Cloud, enabling users to navigate complex blockchain data more efficiently, thereby fostering a larger and more engaged user base.
Validation Cloud's recent funding round follows a prior round in February 2024, where it received support from Cadenza Ventures and several other investors. The company continues to focus on scaling its innovative solutions at the intersection of Web3 and AI, enhancing its offerings to meet the evolving needs of its clients. The partnership with True Global Ventures is anticipated to leverage their extensive commercial network and align with Validation Cloud’s ambitious growth objectives.
About Validation Cloud
Validation Cloud is a leading Web3 data and AI company specializing in staking, node services, and data-as-a-service. It is recognized for its exceptional performance, scalability, and compliance with SOC2 Type 2 standards, catering to the demands of top networks, applications, and enterprises within the Web3 ecosystem.
Website:Â https://www.validationcloud.io/Â
X: @ValidationCloud
About Investor
True Global Ventures
True Global Ventures, founded in 2018, is a venture capital firm based in Singapore and Hong Kong, focused on investments in technology companies at the intersection of Web3 and AI. The firm seeks to support innovative solutions that drive the future of digital infrastructure.
Location:Â Singapore and Hong Kong
Website:Â https://www.tgv4plus.com/
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