Validation Cloud, a leading Web3 data and AI company announced it had picked True Global Ventures as its lead investor, with a contribution of $10 million. And the company plans to use the funding to expand its AI product, bringing seamless access to Web3 data and enabling unparalleled user experiences to network ecosystems and applications.
The company’s product platform features three components: staking, node API, and data & AI. In staking, Validation Cloud has exceeded over $1 billion of assets staked, growing 400% year-over-year. And its Node API consistently demonstrates the best global performance (measured by CompareNodes). And some of Validation Cloud’s clients include Chainlink, Aptos, Consensys, Stellar, and Hedera.
The company’s AI platform makes on-chain data exploration easier and faster. Validation Cloud’s platform drives greater engagement by compressing navigation from hours to seconds, resulting in a more active user base. And this represents a distinctive step in making blockchain data more accessible.
Validation Cloud is one of the fastest-growing companies in Web3. And this funding round follows the company’s raise in February 2024, led by San Francisco-based Cadenza Ventures, with participation from Blockwall, Bloccelerate, Side Door Ventures, GS Futures, AP Capital, Blockchain Founders Fund, and Metamatic.
KEY QUOTES:
“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.”
-Beatrice Lion, CEO & General Partner of 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.”
-Alex Nwaka, Co-Founder of Validation Cloud
