Switchboard Raises $7.5 Million in Series A Funding to Enhance Platform and Expand Partnerships
Switchboard Raises $7.5M in Series A Funding
Switchboard's Series A Funding
Key Highlights:
- Series A Funding: Raised $7.5 million in Series A funding.
- Investors: Led by Tribe Capital and RockawayX, with participation from Solana Foundation, Aptos Labs, Mysten Labs (Sui), Subzero Ventures, Starkware, Arche Capital, Breed VC, Ascensive Assets, and others.
- Company Focus: Provides a customizable oracle network that allows users to plug into the on-chain economy.
Switchboard's Target Market
- Blockchain and Cryptocurrency Developers: Developers and organizations working with blockchain technology and cryptocurrencies.
- Web3 and DeFi Enthusiasts: Users interested in the decentralized web and decentralized finance (DeFi) applications.
- Companies Needing Customized Data Feeds: Organizations requiring specific data feeds for their on-chain applications and smart contracts.
What Switchboard Needs to Buy
- Technical Talent: Hiring software engineers and blockchain experts to enhance and expand the platform's capabilities.
- Partnerships and Integrations: Collaborating with blockchain projects, DeFi platforms, and other relevant companies to integrate Switchboard's oracle network.
- Marketing and Community Building: Investing in marketing efforts to reach and engage with the target audience, as well as building a strong community around the platform.