--- title: Validation Cloud Secures $10M Lead to Scale AI for Web3 from True Global Ventures description: Validation Cloud, the leading Web3 data and AI company, has selected True Global Ventures as its lead investor, with a contribution of $10M. image: https://blog.validationcloud.io/hubfs/Validation%20Cloud_Series%20A%20Funding_23%20October%202024.jpg --- [Skip to content](https://blog.validationcloud.io/fundraise-tgv#main-content) Validation Cloud Open main navigation Close main navigation - [Connect to Web3](https://www.validationcloud.io/) [Connect to Web3](https://www.validationcloud.io/) Oct 23, 2024 3:26:16 PM # Validation Cloud Secures $10M Lead to Scale AI for Web3 from True Global Ventures ![Picture of Validation Cloud Team](https://blog.validationcloud.io/hubfs/validationcloud-icon-black.svg) [Validation Cloud Team](https://blog.validationcloud.io/author/validation-cloud-team) Share: [linkedin-in icon](http://www.linkedin.com/shareArticle?mini=true&url=https://blog.validationcloud.io/fundraise-tgv) [Twitter icon](https://twitter.com/intent/tweet?url=https://blog.validationcloud.io/fundraise-tgv) [envelope icon](mailto:?body=https://blog.validationcloud.io/fundraise-tgv)   [![Validation Cloud_Series A Funding_23 October 2024](https://blog.validationcloud.io/hs-fs/hubfs/Validation%20Cloud_Series%20A%20Funding_23%20October%202024.jpg?width=732&height=384&name=Validation%20Cloud_Series%20A%20Funding_23%20October%202024.jpg)](http://validationcloud.io) This press release was originally published by True Global Ventures on PR Newswire [here](https://www.prnewswire.com/news-releases/validation-cloud-secures-10m-lead-to-scale-ai-for-web3-from-true-global-ventures-302283289.html). ZUG, Switzerland, Oct. 23, 2024 /PRNewswire/ -- [Validation Cloud](https://www.validationcloud.io/), the leading Web3 data and AI company, has selected True Global Ventures as its lead investor, with a contribution of $10M. The company plans to use the funds to expand its AI product, bringing seamless access to Web3 data and enabling unparalleled user experiences to network ecosystems and applications. "Web3 needs seamless access to data to reach a billion users; Validation Cloud is solving this critical hurdle to adoption through technological breakthroughs in its core platform alongside AI. We have seen staking and node API services, but never in combination with AI. This is what we are most excited about with Validation Cloud's data product offering for Web3 infrastructure companies," said Beatrice Lion, CEO & General Partner of True Global Ventures. The company's product platform consists of three components: staking, node API, and data & AI. In staking, Validation Cloud has exceeded more than $1 billion of assets staked, growing 400% year-over-year. Further, its Node API consistently demonstrates the best global performance, measured by CompareNodes. Some of Validation Cloud's clients include Chainlink, Aptos, Consensys, Stellar, and Hedera. Most notably, its AI platform makes on-chain data exploration easier and faster. By compressing navigation from hours to seconds, Validation Cloud's platform drives greater engagement, resulting in a larger, more active user base. This innovation represents a distinctive step in making blockchain data more accessible. "We are thrilled to partner with True Global Ventures due to their global commercial reach, focus on the intersection of Web3 and AI, and synergistic portfolio. TGV has a deep alignment with our mission and exceptional value-add beyond their capital," said Alex Nwaka, Co-Founder of Validation Cloud. Validation Cloud is one of the fastest-growing companies in Web3. This funding round follows the company's raise in [February 2024](https://blog.validationcloud.io/fundraise), led by San Francisco-based Cadenza Ventures, with participation from Blockwall, Bloccelerate, Side Door Ventures, GS Futures, AP Capital, Blockchain Founders Fund, and Metamatic. [![Connect to Web3](https://hubspot-no-cache-eu1-prod.s3.amazonaws.com/cta/default/143804103/interactive-182555702474.png)](https://blog.validationcloud.io/hs/cta/wi/redirect?encryptedPayload=AVxigLLuTen6uhVOyg%2BehcABRFr%2FzuPJTcYFZzSLaKxR3G2v%2FzfV4lrqyVejinx%2BrTLkxREmQM026XH0gI5tnvU3XEBukujpiai5XXRYMyqM3ExVR2b%2FFvwSFUn3hB4G10VTDiTOQI1hJh5JNrMcaIoI91EMXzmz4J38heEwKYq0YHIwd6Q%3D&webInteractiveContentId=182555702474&portalId=143804103) ##### **About Validation Cloud** Validation Cloud is a Web3 data streaming and infrastructure company that connects organizations into Web3 through a fast, scalable, and intelligent platform. Headquartered in Zug, Switzerland, Validation Cloud offers highly performant and customizable products in staking, node, and data-as-a-service. Learn more at [Validationcloud.io](https://www.validationcloud.io/) | [LinkedIn](https://www.linkedin.com/company/validationcloud/) | [X](https://twitter.com/ValidationCloud) | [Podcast](https://open.spotify.com/show/6oGYGsIGZR89zBkwYZibkR?si=155850ce350144e6) [Web3 Infrastructure](https://blog.validationcloud.io/tag/web3-infrastructure), [Company News](https://blog.validationcloud.io/tag/company-news), [AI](https://blog.validationcloud.io/tag/ai) ## Related posts [![](https://blog.validationcloud.io/hs-fs/hubfs/Twitter%20-%20SOC%202%20type%202.jpg?height=200&name=Twitter%20-%20SOC%202%20type%202.jpg)](https://blog.validationcloud.io/soc2-type-ii-compliance) [Company News](https://blog.validationcloud.io/tag/company-news) ## [Validation Cloud Achieved SOC2 Type II Compliance](https://blog.validationcloud.io/soc2-type-ii-compliance) ![Picture of Validation Cloud Team](https://blog.validationcloud.io/hubfs/validationcloud-icon-black.svg) [Validation Cloud Team](https://blog.validationcloud.io/author/validation-cloud-team) Feb 20, 2024 12:40:57 PM In the rapidly evolving landscape of Web3, where innovative technologies meet unprecedented... [Read more](https://blog.validationcloud.io/soc2-type-ii-compliance) [![](https://blog.validationcloud.io/hs-fs/hubfs/Web3%20Infra_SOC2%20Type%201.png?height=200&name=Web3%20Infra_SOC2%20Type%201.png)](https://blog.validationcloud.io/validation-cloud-achieves-soc-2-bringing-enterprise-grade-infrastructure-to-web3) [Company News](https://blog.validationcloud.io/tag/company-news), [Compliance](https://blog.validationcloud.io/tag/compliance) ## [Validation Cloud Achieves SOC 2, Bringing Enterprise-Grade Infrastructure To Web3](https://blog.validationcloud.io/validation-cloud-achieves-soc-2-bringing-enterprise-grade-infrastructure-to-web3) ![Picture of Validation Cloud Team](https://blog.validationcloud.io/hubfs/validationcloud-icon-black.svg) [Validation Cloud Team](https://blog.validationcloud.io/author/validation-cloud-team) Oct 3, 2023 9:00:00 AM Validation Cloud adds industry-leading compliance to enhance its top-performing Node API and... [Read more](https://blog.validationcloud.io/validation-cloud-achieves-soc-2-bringing-enterprise-grade-infrastructure-to-web3) [![](https://blog.validationcloud.io/hs-fs/hubfs/Social%20Post_Last.jpg?height=200&name=Social%20Post_Last.jpg)](https://blog.validationcloud.io/series-a) [Web3 Infrastructure](https://blog.validationcloud.io/tag/web3-infrastructure), [Company News](https://blog.validationcloud.io/tag/company-news), [AI](https://blog.validationcloud.io/tag/ai) ## [Validation Cloud Raises $15M Series A to Bring Data x AI to Web3](https://blog.validationcloud.io/series-a) ![Picture of Validation Cloud Team](https://blog.validationcloud.io/hubfs/validationcloud-icon-black.svg) [Validation Cloud Team](https://blog.validationcloud.io/author/validation-cloud-team) Mar 6, 2025 2:44:17 PM March 6, 2025 - Zug, Switzerland— Validation Cloud, the leading Web3 infrastructure platform, is... [Read more](https://blog.validationcloud.io/series-a) --- # Validation Cloud Copyright © 2024, Validation Cloud ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Validation Cloud Team", "url" : "https://blog.validationcloud.io/author/validation-cloud-team" }, "dateModified" : "2024-10-23T19:27:02.936Z", "datePublished" : "2024-10-23T19:26:16.000Z", "headline" : "Validation Cloud Secures $10M Lead to Scale AI for Web3 from True Global Ventures", "image" : [ "https://blog.validationcloud.io/hubfs/Validation%20Cloud_Series%20A%20Funding_23%20October%202024.jpg" ], "mainEntityOfPage" : { "@id" : "https://blog.validationcloud.io/fundraise-tgv", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://blog.validationcloud.io/hubfs/validationcloud-logo-black-1.svg" } } } ```