PANews reported on July 2 that according to CoinDesk, the blockchain oracle project RedStone announced that it had raised $15 million in its Series A round of financing, led by Arrington Capital. The financing will be used to recruit new team members. Other investors in this round of financing include SevenX, IOSG Ventures, Spartan Capital, White Star Capital, Kraken Ventures, Amber Group, Protagonist, gumi Cryptos, Christian Angermayer's Samara Asset Group and HTX Ventures.
RedStone is bringing its oracle to the emerging re-staking space on Ethereum. In April this year, RedStone signed an agreement with Ether.fi, the largest re-staking service on EigenLayer, to obtain $500 million in funding to help introduce its data oracle to the ecosystem. RedStone provides oracle data feed services covering multiple blockchain networks including Ethereum, zkSync Era, Avalanche, Base, Polygon, Linea, Celo, Optimism, Arbitrum, Fantom, BNB Chain and Blast.
