Obol Labs Raises $12.5M Series A Funding to Make Proof-of-Stake Blockchains More Secure
Retrieved on:
Tuesday, January 17, 2023
NEW YORK, Jan. 17, 2023 (GLOBE NEWSWIRE) -- Today, Obol Labs announced the close of a $12.5 million Series A financing round.
Key Points:
- NEW YORK, Jan. 17, 2023 (GLOBE NEWSWIRE) -- Today, Obol Labs announced the close of a $12.5 million Series A financing round.
- This latest round brings Obol Labs' total financing to $19M, making it the best-capitalized software team focused on developing Distributed Validator Technology to decentralize and secure blockchain staking.
- Obol Labs, as the leading builder of Distributed Validator Technology (DVT) , is directly solving the issue of single points of failure in staking infrastructure.
- Obol Labs' Series A will accelerate the Obol Network's roadmap for bringing DVT to Mainnet Ethereum.