Cryptocurrency company Rated Labs, the infrastructure and data provider for the Ethereum (ETH) network, has turned its attention to other altcoin networks. Rated Labs has raised a funding round to expand into other altcoin networks. At the end of the day, the company collected 12 million 880 thousand dollars.
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 stated that they want to be present in altcoin networks such as Polygon, Solana, Cosmos and Polkadot with the investment they received.
Rated Labs manager pointed out 2024 to take action in these areas.
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