“RedStone Oracles, the fastest-growing modular oracle, has raised $15 million in Series A funding. The funds will be used to expand oracle products optimized for gas fees across all EVM and RaaS networks.

Investors including Arrington Capital and the founders of EtherFi and Berachain have been impressed by RedStone's progress in web3 infrastructure.

Founded in 2021, RedStone has already attracted over 100 clients and secured $4 billion.

RedStone Oracles can help reduce transaction costs (gas fees) for dApps by avoiding unnecessary data and associated costs.

Blockchain oracles are valued at over $13 billion, with RedStone being the sixth-largest oracle solution.