The platform proudly presents a cutting-edge, globally scalable solution, offering rapid deployment, intelligent functionalities, and robust infrastructure.
Validation Cloud Secures $5.8 Million in Funding
Validation Cloud, a leading provider of Web3 infrastructure, has successfully closed its inaugural external funding round, raising an impressive $5.8 million, according to an official announcement.
The funding was spearheaded by seasoned U.S. venture capital firm Cadenza Ventures, with significant contributions from esteemed organizations such as Blockchain Founders Fund, Bloccelerate, Blockwall, Side Door Ventures, Metamatic, GS Futures, and AP Capital.
Alex Nwaka, co-founder of Validation Cloud, emphasized the pivotal role of this funding round in advancing the platform’s technological development and market outreach:
“Recognizing the urgent demand for scalable and compliant infrastructure amidst the surge of enterprises embracing Web3, Validation Cloud is honored to collaborate with our esteemed global investors. Together, we are accelerating the adoption of our platform by visionary networks, developers, and asset managers worldwide.”
As previously reported by U.Today, Validation Cloud introduced its staking-as-a-service solution for institutional investors in November 2023, enabling seamless deployment, automated rewards through smart contracts, and SOC2 security measures atop Ethereum (ETH).
Empowering Web3 Infrastructure Solutions
Kumar Dandapani, Managing Partner at Cadenza Ventures, expressed enthusiasm for Validation Cloud’s vision and achievements:
“At Cadenza, we don’t just invest in companies; we invest in the future of transformative technologies. Validation Cloud’s pioneering efforts in Proof-of-Stake and their commitment to next-generation Web3 infrastructure position them as industry leaders. We are proud to lead this funding round and support Validation Cloud’s mission to bridge the gap between traditional enterprises and the vast potential of Web3.”
Founded by pioneers in proof of stake, Validation Cloud has assembled a team of seasoned professionals with extensive experience in building for massive scalability, having worked with renowned companies such as Uber, Workday, Deloitte, Citadel, Morgan Stanley, Binance, Crypto.com, Figure, R3, and others. The company prioritizes talent acquisition, boasting a diverse, global workforce.
Validation Cloud has earned a reputation for close collaboration with emerging networks in their nascent stages, providing unparalleled infrastructure support to their ecosystems of users.