PANews reported on March 7 that according to Fortune magazine, Validation Cloud, an encryption infrastructure company using artificial intelligence, announced the completion of a US$15 million Series A financing round, led by True Global Ventures, with participation from Cadenza, Blockchain Founders Fund, Side Door Ventures and AP Capital. The company's valuation in this round of financing was not disclosed.
According to reports, this is Validation Cloud's third round of financing, and its total financing has reached US$30.8 million since its establishment in 2017. Validation Cloud offers three main products to support blockchains based on the Proof of Stake (PoS) consensus mechanism. Validation Cloud's products include token staking capabilities, software for connecting computers to proof-of-stake networks, and access to data analyzed by artificial intelligence. The company offers its products on multiple popular blockchains, including Solana, Ethereum, Base, Aptos, and Binance Chain. Validation Cloud's revenue comes from commissions from rewards for customers using its services to stake tokens, as well as subscription fees for using its software.
