RedStone Oracles has successfully raised $15 million in a Series A funding round for its versatile blockchain oracle platform, attracting 100 clients. The company, known as the 'fastest-growing modular oracle,' plans to use the funds to enhance its oracle products, offering optimized price feeds for Ethereum Virtual Machine (EVM) and rollup-as-a-service (RaaS) networks. Led by Arrington Capital, the funding round saw participation from Spartan, IOSG Ventures, SevenX, Amber, HTX Ventures, and angel investors. RedStone, established in 2021, has gained significant traction since its mainnet launch in January 2023, serving over 100 clients and securing $4 billion in value. With support for 60+ blockchains, RedStone aims to provide cost-effective solutions for decentralized applications by minimizing transaction costs. The company's innovative approach has positioned it as the sixth-largest oracle solution in the market, catering to 38 protocols. Read more AI-generated news on: https://app.chaingpt.org/news
