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CryptoIntelligence 2024-07-04 15:18:02

RedStone Oracles Secures $15 Million in Series A Funding to Expand Gas-Optimized Blockchain Oracle Solutions

RedStone Oracles has successfully completed a $15 million Series A funding round to advance its modular blockchain oracle solution, which has already garnered 100 clients. RedStone, branding itself as the “fastest-growing modular oracle,” plans to utilize the new funds to enhance its oracle products. These products are designed to provide gas fee-optimized price feeds for all Ethereum Virtual Machine (EVM) and rollup-as-a-service (RaaS) networks. The funding round was led by Arrington Capital and included contributions from other prominent investment firms such as Spartan, IOSG Ventures, SevenX, Amber, HTX Ventures, and angel investors including the founders of EtherFi and Berachain. Michael

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