Switchboard Raises $7.5M Series A

Switchboard, a Miami, FL-based provider of a customizable oracle network that lets users plug into the on-chain economy, raised $7.5M in Series A funding.

The round was led by Tribe Capital and RockawayX, with participation from Solana Foundation, Aptos Labs, Mysten Labs (Sui), Subzero Ventures, Starkware, Arche Capital, Breed VC, Ascensive Assets, and others. 

The company intends to use the funds to expand operations and its development efforts.

Led by Chris Hermida, Switchboard provides an oracles platform that grants users complete control over the data they choose to bring on-chain – putting them at the controls of their own Web3 switchboard. Its permissionless and customizable design allows users to configure bespoke oracle networks that are fine-tuned for highly specific applications while also providing easy access to pre-built oracles for common tasks. Switchboard’s on-demand model enables just in time data feeds – allowing latency sensitive users securely bring customized data they need, when they need it on chain.

Over 100,000 users have already plugged into Switchboard since June 2021, with over $2 Billion in total value secured.