Rated Labs Raises $12.89M to Expand Ethereum-based Oracle Services
Rated Labs, a London, UK-based Ethereum-based oracle and datasets provider, has successfully raised $12.89 million in Series A funding. The funding round was led by Archetype, with participation from previous investors Placeholder, 1confirmation, Cherry, and Semantic. Additionally, new backers including Robot Ventures, Chorus One, Factor, and Maelstrom have also joined the investment. The capital infusion will enable Rated Labs to expand its operations and scale its services to multiple blockchains, including Polygon, Cosmos, Polkadot, and Solana.
Under the leadership of CEO Elias Simos, Rated Labs is known for its offerings such as node and node operator ratings, data pipelines, and the most comprehensive infrastructure dataset for Ethereum.
Since its establishment in 2022 and the launch of its first product, the company has witnessed impressive traction. The Rated Explorer alone has registered nearly 150,000 unique visitors, while the Rated API has been utilized for over 60 million calls spread across more than 45 integrations. Moreover, Rated Labs has established key partnerships and integrations with prominent players in the Ethereum Staking ecosystem, including Lido, Liquid Collective, Metamask Institutional, Chorus One, Stader Labs, and Nexus Mutual.
This funding round signifies a significant milestone for Rated Labs, as it not only validates the company's vision and technology but also provides the necessary resources to accelerate its growth. With the expanded financial backing, Rated Labs aims to enhance its services, penetrate new markets, and establish a strong presence across various blockchain networks. The company's strategic expansion to different blockchains reflects its commitment to catering to the diverse needs of the decentralized finance ecosystem and strengthening its position as a leading provider of oracle solutions and datasets in the blockchain industry.
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