Validation Cloud Secures $10M Funding
Validation Cloud, a leading company in Web3 data and AI, has announced that True Global Ventures (TGV) is its latest lead investor, contributing $10 million to the company’s continued growth.
This investment will fuel the expansion of Validation Cloud’s AI product, enabling seamless access to Web3 data and enhancing the user experience within decentralized networks and applications.
The collaboration between Validation Cloud and True Global Ventures reflects a shared vision of making blockchain data more accessible and usable.
Beatrice Lion, CEO and General Partner of True Global Ventures, emphasized the importance of Validation Cloud’s work in a space that often struggles with data access.
"Web3 needs seamless access to data to reach a billion users; Validation Cloud is solving this critical hurdle to adoption through technological breakthroughs in its core platform alongside AI. We have seen staking and node API services, but never in combination with AI. This is what we are most excited about with Validation Cloud's data product offering for Web3 infrastructure companies," she said.
Validation Cloud’s platform consists of three major components: staking, node API, and data & AI. The company has already staked more than $1 billion in assets, achieving a remarkable 400% year-over-year growth. Additionally, its Node API consistently ranks among the top performers globally, as measured by CompareNodes. Among its high-profile clients are Chainlink, Aptos, Consensys, Stellar, and Hedera, all of whom benefit from Validation Cloud’s services.
However, the standout feature of Validation Cloud’s offering is its AI-driven platform, which transforms how on-chain data is explored. The company’s technology compresses hours of complex data navigation into mere seconds, dramatically improving user engagement. This innovation represents a major leap in making blockchain data more accessible and underscores the company’s focus on streamlining user experiences in decentralized ecosystems.
Alex Nwaka, Co-Founder of Validation Cloud, expressed his enthusiasm for the partnership with True Global Ventures.
"We are thrilled to partner with True Global Ventures due to their global commercial reach, focus on the intersection of Web3 and AI, and synergistic portfolio. TGV has a deep alignment with our mission and exceptional value-add beyond their capital," Nwaka said.
This new funding round comes on the heels of Validation Cloud’s February 2024 raise, led by San Francisco-based Cadenza Ventures and supported by investors such as Blockwall, Bloccelerate, Side Door Ventures, GS Futures, AP Capital, Blockchain Founders Fund, and Metamatic.
The company is one of the fastest-growing entities in the Web3 space, continuing to push the boundaries of what’s possible in blockchain infrastructure.
With its sights set on expanding AI capabilities within Web3, Validation Cloud is positioning itself as a major player in the future of decentralized data solutions.
The company’s unique combination of staking, node services, and AI-powered data exploration is already making waves, and with the backing of True Global Ventures, it’s clear that Validation Cloud is well on its way to shaping the future of blockchain technology.
