Validation Cloud, a crypto infrastructure company that uses Solana, Ethereum, Base, Aptos, and Binance Chain.
Validation Cloud’s revenue comes from commissions on the rewards customers earn from staking their tokens using its services and by charging a subscription for using its software. Nwaka declined to share the company’s annual revenue but said it manages over $1.5 billion in staked assets across dozens of blockchains.
Other companies offer staking services and validator software including Blockdaemon and Ankr, but Nwack says Validation Cloud’s use of AI for data analysis sets the company apart.
Validation Cloud plans to use the money raised in its latest round to grow its product engineering and go-to-market teams as well as to expand globally, Nwaka said.