On June 25, 2024, Conduit, a platform focused on onchain compute, announced a $37 million Series A funding round. The round is co-led by Paradigm and Haun Ventures, with additional participation from Robot Ventures, Credibly Neutral, CB Ventures, and Bankless VC. The funding aims to scale onchain compute, which is seen as critical for unlocking more use cases and greater adoption of onchain applications. Andrew Huang and his team at Conduit have been recognized for their exceptional execution in the RaaS (Resources as a Service) race.
Come chat about Abundant Onchain Compute with @KAndrewHuang, @ahnchrisj and the team from @paradigm today at 12pm PST 📅🎙️ https://t.co/gfh1Zx4KUm
JUST IN: @CONDUITXYZ ANNOUNCES $37M SERIES A FUNDING ROUND LED BY @PARADIGM AND @HAUNVENTURES
Beyond excited for @paradigm to be doubling down on Conduit, the platform for abundant onchain compute. I've been working with Andrew for almost 2 years now and it's been a privilege and a sight to see him & the @conduitxyz team out-execute everyone in the RaaS race. Catch us… https://t.co/JWKt04QPEt
Congrats to our friends at @conduitxyz! https://t.co/1syiEullMX
We’re leading a $37m Series A in @conduitxyz alongside @Paradigm. Scaling onchain compute is critical to unlocking even more use cases and greater adoption of onchain applications. @ahnchrisj on why we’re backing @KAndrewHuang and team: https://t.co/o2KxGFlYpO
We’re excited to co-lead the $37m Series A in @conduitxyz alongside @Paradigm, with participation from @robotventures, @crediblyneutral, @cbventures, @banklessvc, and more. Scaling onchain compute is critical to unlocking even more use cases and greater adoption of onchain… https://t.co/jys6Ao2SVr