Ethereum (ETH) cryptocurrency company that provides infrastructure and data for its network Rated Labs, has turned its sights to other altcoin networks. Rated Labs has raised a funding round to expand into other altcoin networks. According to The Block, the company raised 12 million 880 thousand dollars at the end of the day.
In its official statement today, Rated Labs stated that companies such as Robot Ventures, Cherry and Maelstrom participated in the funding round. The financing obtained by the Blockchain company reached a total of 15 million dollars with the previous events.
Rated Labs manager Elias Simos said the following in his statement to the news source:
“We took action for the Series A funding round at the beginning of February. “The funding, which ended in May, was completely even.”
Elias Simons did not answer questions about how much valuation his company received as a result of the financing.
Which Altcoin Networks Will Rated Labs Switch To?
The infrastructure and data provision company currently operates on the Ethereum network and offers oracle and API services to its customers. Elias Simons, with their investment polygon, solana, cosmos And Polkadot He stated that they want to exist in altcoin networks such as.
Rated Labs manager pointed out 2024 for them to take action in these areas.