RedStone Oracles is a Switzerland-based startup founded in 2021, carving its niche in the Blockchain, Crypto, Data Analytics, and Web3 industries. With a slogan of "Oracles data ecosystem with custom, crypto and Real World Data for DeFi, Smart Contracts & Web3 - We're Hiring! ๐ ," the company aims to create a cross-chain data oracle that provides pricing data for Smart Contracts & DeFi protocols. Utilizing the Arweave blockchain, RedStone ensures affordable storage with a permanent audit trail of crypto and real-world data feeds, aiming to unlock Web3 potential by delivering reliable data feeds to multiple chains including Ethereum, Avalanche, and Polygon. The latest milestone for RedStone Oracles was the $15.00M Series A investment received on 02 July 2024, from a consortium of notable investors including Amber Group, White Star Capital, Samara Asset Group, Cluster Capital, Spartan, Thanefield Capital, Christina Bored, Daniel Swell, Michael Heinrich, and Nomatic Nomatic. This significant investment signifies a strong endorsement of RedStoneโs vision and technical capabilities, positioning them for further growth and influence in the dynamic realm of DeFi and Web3.
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