An important step has come from Rated Labs, a crypto startup specializing in infrastructure datasets for the altcoin Ethereum. Accordingly, it successfully raised $12.9 million in Series A funding. This significant capital injection attracts attention. Because it will support Rated Labs to expand its infrastructure services across various blockchain networks.
Archetype leads A series tour
The Series A financing was led by crypto venture firm Archetype. It also witnessed participation from leading investors such as Placeholder, 1confirmation, Cherry and Semantic. Additionally, new backers Robot Ventures, Chorus One, Factor and Maelstrom also joined the round. Thus, it signaled strong investor confidence in altcoin ETH explorer Rated Labs. Notably, this Series A financing follows Rated’s previous funding round, which raised $2.5 million, bringing total funding to over $15 million.
Altcoin Ethereum explorer Rated Labs currently provides a network explorer. It also offers core Ethereum infrastructure datasets that include a data API and an oracle. The network explorer evaluates the health and historical data of Ethereum’s validator set. Accordingly, it serves as a valuable tool. At the same time, the data API empowers Ethereum developers and node operators to create reporting, monitoring and benchmarking solutions. Finally, oracle facilitates the integration of curated data into the Ethereum mainnet.
Expansion into altcoin projects
Rated Labs is preparing to expand its services to multiple Layer 1 blockchain networks with its newly received funding. These networks include altocin Polygon, Solana, Cosmos and Polkadot. Accordingly, it has ambitious plans to continue expanding. Simos, co-founder and CEO of Rated Labs, makes a statement on the subject. The company is looking at improving the navigator and API, as well as introducing new features. On the other hand, it emphasizes its commitment to providing real-time functionality for all supported networks. Additionally, Rated Labs envisions a role in decentralized sequencer sets within Layer 2 networks in the future.
According to Simos, Rated Labs faces minimal direct competition from beaconcha.in and Metrika, which are the closest alternatives to its current offerings. With its position in the market, altcoin ETH explorer Rated Labs is well positioned for growth and innovation. Rated Labs currently employs a team of 12 professionals. Simos also has ambitious plans to double headcount in the coming quarters. Accordingly, it is primarily looking to expand its engineering department. When we look at it as Kriptokoin.com, this move is remarkable. It strengthens Rated Labs’ position as a leading player in the crypto infrastructure space.
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