Validation Cloud, a Switzerland-based Web3 data streaming and infrastructure firm, has successfully raised $5.8 million in a funding round led by Cadenza Ventures. This funding marks Validation Cloud’s first external financing round and will be utilized to promote global enterprise adoption of Web3.

The oversubscribed funding round saw the participation of key global venture firms, including Blockchain Founders Fund, Blockwall, Bloccelerate, Side Door Ventures, GS Futures, Metamatic, and AP Capital, in addition to Cadenza Ventures.

Empowering Web3 Enterprise Adoption

Validation Cloud, headquartered in Zug, is renowned for its high-performance and scalable products in staking, node, and data services provided to clients worldwide. The company boasts a team of experts in proof-of-stake and validation cloud, who have previously worked with industry giants like Uber, Deloitte, Morgan Stanley, and Citadel, among others.

With a focus on talent and global infrastructure support, Validation Cloud aims to assist companies and platforms in their early growth stages. Co-founder Alex Nwaka emphasized the importance of scalable and compliant infrastructure to facilitate the integration of enterprises into Web3.

Validation Cloud’s collaboration with global investors will expedite the adoption of its product suite by networks, builders, and asset managers in the Web3 space.

Kumar Dandapani, managing partner at Cadenza Ventures, praised Validation Cloud’s role in Proof-of-Stake technology and its dedication to pioneering next-generation Web3 infrastructure. He highlighted Cadenza’s commitment to supporting Validation Cloud in bridging the gap between traditional enterprises and the capabilities of Web3.

In its operations, Validation Cloud has established partnerships with prominent blockchain networks such as Chainlink, Stellar, Hedera, as well as emerging networks like Aptos, Eigenlayer, and Berachain.

Frequently Asked Questions (FAQs)

What is Web3?

Web3 refers to the vision of a decentralized and user-centric internet ecosystem, enabled by blockchain and other decentralized technologies to empower users and remove intermediary control.

How will the funding help Validation Cloud?

The $5.8 million funding secured by Validation Cloud will be used to accelerate the enterprise adoption of Web3 by enhancing its infrastructure and expanding its reach globally.

Which companies have invested in Validation Cloud?

Key investors in Validation Cloud’s funding round include Cadenza Ventures, Blockchain Founders Fund, Blockwall, Bloccelerate, Side Door Ventures, GS Futures, Metamatic, and AP Capital, showcasing strong support from global venture firms.