Conduit, a leading blockchain infrastructure provider, has raised $37 million in a Series A funding round led by Haun Ventures and Paradigm. The funding aims to make on-chain computations as accessible as cloud services.
Conduit’s founder, Andrew Huang, emphasizes the company’s goal to remove barriers for developers, enhancing innovation in the blockchain space. The company’s infrastructure solutions already have a total value locked (TVL) of $1.2 billion, showcasing its robust and reliable platform.
With support from other notable investors like Robot Ventures and Coinbase Ventures, Conduit plans to develop new products, adding to its portfolio of 287 existing solutions. This funding round is poised to accelerate innovation and adoption within the crypto industry, potentially leading to more efficient, secure, and scalable blockchain solutions.
Conduit’s strategic vision and strong backing position it to drive significant advancements in the cryptocurrency space.
