According to Odaily, Switchboard Protocol, a provider of fast, permissionless, and customizable oracle solutions, has successfully raised $7.5 million in a Series A funding round. The round was led by Tribe Capital and RockawayX, with participation from Mysten Labs, InfStones Global, OtterSec, Bixin Ventures, and various angel investors.
Switchboard's mission is to offer oracle solutions that are quick, require no permission, and can be customized to meet the needs of different users. The total value of the guarantees provided by Switchboard has now risen to approximately $1.75 billion. This funding round will enable Switchboard to continue its growth and development, further solidifying its position in the market.