AI encryption company Validation Cloud completes $15 million Series A funding, led by True Global Ventures

According to Fortune magazine, Validation Cloud, a cryptocurrency infrastructure company that 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 round of funding has not been disclosed. It is reported that this is the third round of financing for Validation Cloud, which has raised a total of $30.8 million since its establishment in 2017. Validation Cloud offers three main products to support blockchain based on Proof of Stake (PoS) consensus mechanism. Validation Cloud's products include token staking functionality, software that connects computers to proof of stake networks, and access to data analyzed by artificial intelligence. The company offers its products on multiple popular blockchains, including Solana, Ethereum, Base, Aptos, and Binance Chain. Validation Cloud's revenue comes from commissions earned from customers pledging tokens for their services, as well as subscription fees for using their software.