- Rated Labs obtains a whopping $12.888M in its Series A funding round, piloted by Archetype.
- Initially an Ethereum
-focused platform, Rated sets its sights on integrating with Polygon, Solana, and more. - The fresh capital influx is slated to bolster the company’s ambitions, with an expansion of its feature set and real-time functionalities for supported networks.
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Ethereum-based startup, Rated Labs, scores big with its Series A funding, as it ventures into uncharted blockchain territories. The company’s growth plans encompass the introduction of new features and enhanced real-time functionalities.
Rated’s Impressive Funding Round Details
Rated Labs, the promising crypto outfit specializing in infrastructure datasets for Ethereum, has recently announced a successful Series A funding of $12.888 million. Spearheading this investment round was Archetype, a crypto venture firm. The funding saw participation from previous seed investors like Placeholder, 1confirmation, Cherry, and Semantic. New investors, including Robot Ventures, Chorus One, Factor, and Maelstrom, also joined the fray. With the Series A funding culminating, Rated’s total capital accumulation now surpasses $15 million, considering their previous seed funding of $2.5 million.
Inside Look into Rated Labs
Rated Labs is renowned for its offerings that revolve around the Ethereum network. Their suite includes a network explorer designed to provide insights into the current and past health of Ethereum’s validator set. This is supplemented by a data API that aids Ethereum developers and node operators in crafting reporting, monitoring, and benchmarking tools. The oracle, another tool in Rated’s repertoire, serves as a conduit to introduce curated data to the Ethereum mainnet. As Elias Simos, co-founder and CEO of Rated, explains, the company’s ambition, backed by the newly acquired funds, is to diversify into other prominent Layer 1 blockchains, namely Polygon, Solana, Cosmos, and Polkadot.
Rated’s Unique Market Position
Rated’s standing in the market remains unparalleled, with Simos asserting the absence of direct competition. However, platforms like beaconcha.in and Metrika approximate Rated’s offerings. Rated’s team currently boasts 12 full-time members, with plans to potentially double this figure in the ensuing months, focusing primarily on the engineering domain. An interesting development post the funding is the induction of Archetype’s founder and general partner, Ash Egan, into Rated’s board.
Conclusion
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Rated Labs’ impressive Series A funding heralds an exciting phase for the crypto startup. With ambitions to diversify its offerings and consolidate its market presence, Rated is poised to redefine Ethereum infrastructure and beyond. The company’s trajectory is worth monitoring, especially as it forays into integrating with other blockchains, potentially shaping the future landscape of blockchain infrastructure services.
