PANews reported on April 22 that according to CoinDesk, DAO infrastructure provider Tally has completed an $8 million Series A financing round, aiming to expand its governance technology to more crypto-native decentralized autonomous organizations (DAOs). This round of financing was led by AppWorks and Blockchain Capital, with participation from BitGo and other companies.
According to reports, Tally's most famous product is the Tally Protocol, which provides support for infrastructure that helps leading protocols conduct effective on-chain governance of their DAOs, including Arbitrum, Uniswap DAO, ZKsync, Wormhole, Eigenlayer, Obol, and Hyperlane. The platform was originally a DAO governance tool and has now grown into the most widely adopted software stack for on-chain organizations on the Ethereum and Solana blockchains. Tally had previously raised $7.5 million in two rounds of financing in 2021.
