AI crypto firm Validation Cloud completes $15 million Series A financing, led by True Global Ventures

PANews reported on March 7 that according to Fortune Magazine, Validation Cloud, an crypto infrastructure company that uses artificial intelligence, announced a $15 million Series A financing led by True Global Ventures, with Cadenza, Blockchain Founders Fund, Side Door Ventures and AP Capital participating. The company's valuation in this round of financing has not been disclosed.

According to reports, this is Validation Cloud's third round of financing. Since its establishment in 2017, its total financing amount has reached US$30.8 million. Validation Cloud offers three main products to support blockchain based on Proof of Stake (PoS) consensus mechanism. Validation Cloud's products include token staking capabilities, software that connects computers to a proof of stake network, and access to data analyzed by artificial intelligence. The company offers its products on several popular blockchains, including Solana, Ethereum, Base, Aptos and Binance Chain. Validation Cloud's revenue comes from commissions awarded by customers to stake tokens using their services, as well as subscription fees for using their software.