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

ChainCatcher news, according to Fortune magazine, the cryptocurrency infrastructure company Validation Cloud, which utilizes artificial intelligence, announced the completion of a $15 million Series A funding 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 funding round has not been disclosed.

It is reported that this is Validation Cloud's third funding round, and since its establishment in 2017, its total funding has reached $30.8 million. Validation Cloud offers three main products to support blockchain based on the Proof of Stake (PoS) consensus mechanism. Validation Cloud's products include token staking features, software that connects computers to the Proof of Stake network, and access to data analyzed by artificial intelligence.