Conduit, a leading infrastructure provider, has raised $37 million in its Series A funding round, led by Haun Ventures and Paradigm. The funding will drive the release of new blockchain products.
Conduit’s founder, Andrew Huang, aims to make on-chain computations as accessible as cloud services. The company’s total value locked (TVL) has reached $1.2 billion, demonstrating the reliability of its solutions.
Notable investors include Robot Ventures, Credible Neutral, Coinbase Ventures, and Bankless Ventures, among others. Conduit has successfully launched 287 products, showcasing its innovation and adaptability in the market.
This funding underscores the confidence investors have in Conduit’s potential to shape the future of blockchain infrastructure. Conduit is set to play a key role in the evolving crypto landscape, providing robust and scalable solutions that meet the growing demands of the market.
