Zug, Switzerland-based Web3 Technology company, Validation Cloud, announced the successful closure of its first external investment round with USD 5.8 million. The company announced the investment on February 29, 2024. Cadenza Ventures led the financing for the company. Meanwhile, international investors, such as Blockchain Founders Fund, Bloccelerate, Blockwall, Side Door Ventures, Metamatic, GS Futures, and AP Capital, joined in the fundraise.
Purpose of financing for Validation Cloud
With the latest financing, the company seeks to further advance its efforts.
What the company’s official has to add
Alex Nwaka, Co-Founder of Validation Cloud, said, “This investment marks a pivotal moment for Validation Cloud as we aim to address the urgent demand for scalable and compliant Web3 infrastructure. We’re honoured to collaborate with our investors, who are instrumental in propelling the global adoption of our platform among cutting-edge networks, developers, and asset managers.”
What the investors have to comment
Kumar Dandapani, Managing Partner at Cadenza Ventures, further said, “At Cadenza, we do not invest in just any company; we invest in the future of transformative technologies. Validation Cloud’s pioneering role in Proof-of-Stake and their relentless pursuit of next-generation Web3 infrastructure have set them apart as leaders in the Web3 space.”
Aly Madhavji, Managing Partner at Blockchain Founders Fund, said, “We believe in the transformative power of Web3 and its ability to redefine how businesses operate. Investing in Validation Cloud aligns perfectly with our vision of supporting innovative platforms that are ready to lead the next wave of digital transformation.”
About the company
Validation Cloud is at the vanguard of Web3 technology, having created a unique system design that sets the path for considerable progress in the industry. Known as the “Cloudflare of Web3,” the firm provides a strong, scalable, and intelligent platform that includes Staking, Node API, and Data services, drawing inspiration from Cloudflare’s transformational impact on Web2 infrastructure. Validation Cloud has built a reputation for tight collaboration with networks in their early phases, supporting a diverse range of ecosystems from established ones like Chainlink, Hedera, and Stellar to new networks like Aptos, Eigenlayer, and Berachain. Their technology creates the framework for enterprise network adoption, solidifying Validation Cloud’s position as a vital participant in the Web3 infrastructure ecosystem. Validation Cloud has a very skilled workforce emphasizing a talent-first approach with a worldwide workforce.
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