Validation Cloud secures 10 million dollars to scale AI for Web3

Through technological breakthroughs in staking, Node API and AI platforms, Validation Cloud is setting new standards for Web3 data access and is funded by True Global Ventures with 10 million dollars.

Zug, Switzerland, October 2024 - Validation Cloud, a Web3 data and artificial intelligence startup, has received $10 million from True Global Ventures in its latest funding round. The funds will be used to further develop its AI products and create seamless access to Web3 data to improve user experiences in network ecosystems and applications.

Web3 needs better access to data

Beatrice Lion, CEO and General Partner of True Global Ventures, explained that seamless access to data is critical to achieving widespread adoption of Web3 technologies. Validation Cloud offers technological breakthroughs by combining staking and Node API services with AI. This combination represents an innovative offering for Web3 infrastructure companies.

Staking, Node API and AI as central platform components

The Validation Cloud platform is based on three pillars: Staking, Node API and Data & AI. In the area of staking, the company has achieved more than 1 billion dollars in staked assets, which corresponds to year-on-year growth of 400%. The company's Node API consistently delivers the best global performance as measured by CompareNodes. Validation Cloud's customers include names such as Chainlink, Aptos, Consensys, Stellar and Hedera.

Faster on-chain data analysis through AI

Validation Cloud's AI platform drastically reduces the time it takes to analyze on-chain data. Navigating through data is reduced from hours to seconds, resulting in increased user engagement and a growing, more active user base. This innovation greatly facilitates access to blockchain data and represents a major advance in the industry.

True Global Ventures as a strategic partner

Alex Nwaka, co-founder of Validation Cloud, emphasized the importance of the partnership with True Global Ventures. The investor's global influence and focus on the intersection of Web3 and AI provide additional benefits beyond financial support. True Global Ventures shares Validation Cloud's mission and brings valuable synergies to the partnership.

Validation Cloud is one of the fastest growing companies in the Web3 sector. The current funding round builds on the successful capital raise in February 2024, which was led by San Francisco-based Cadenza Ventures. Other investors included Blockwall, Bloccelerate, Side Door Ventures, GS Futures, AP Capital, Blockchain Founders Fund and Metamatic.