Press releases from Switchboard and its partners, tech industry news coverage

Switchboard Closes $7.5M Series A Round on May 28, 2024 to Accelerate Oracle Solutions

May 28, 2024, 02:58 PM

Switchboard, a pioneer in the Web3 space, has successfully closed a $7.5 million Series A funding round on May 28, 2024. The round was co-led by Tribe Capital and RockawayX, with significant support from Solana Foundation, Aptos, StarkWare, and other investors, including Bixin Ventures. The investment aims to accelerate Switchboard's mission to provide permissionless and secure oracle solutions. This funding round follows their previous Seed Round led by Lemniscap, highlighting the platform's potential in offering customizable oracle networks. The company is noted for creating the first oracle aggregator.