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Avail raises $43M in Series A

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by

Sahil Thakur
in

Avail, a company which spun out of Polygon back in 2023 has just announced a $43M Series A funding round led by Founders Fund, Dragonfly and Cyber Fund.

  • The project had previously gotten $27M in seed funding round.
  • The project is mostly centered around data availability.

With this new capital, we are poised to accelerate our development, expand our global presence, and continue to address the most critical challenges facing Web3 today, such as blockchain fragmentation, insufficient data availability, and limited scaling,
Avail co-founder Anuraj Arjun
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The team also mentioned that the capital would go into building its “Fusion Layer” which is expected to go live in 2025.

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