According to BlockBeats, Web3 data flow and infrastructure company Validation Cloud has announced the completion of a $5.8 million first external funding round. The round was led by Cadenza Ventures, with participation from Blockchain Founders Fund, Bloccelerate, Blockwall, Side Door Ventures, Metamatic, GS Futures, and AP Capital.
Validation Cloud has built a proprietary system architecture that includes several significant breakthroughs in Web3. The platform is fast, scalable, and intelligent, providing users with staking, node APIs, and data. Many people refer to the company as the 'Cloudflare of Web3,' a tribute to Cloudflare's pioneering work in expanding Web2 infrastructure, which brought high-throughput applications like video streaming to the masses and created trillions of dollars in market value.