Avail has raised a total of $75 million, aiming for highly secure Rollup interoperability and data availability

Avail, a modular blockchain solution that aims to unify Web3 and optimize data availability (DA) for scalable and customizable applications, has raised $43 million in an oversubscribed Series A funding round. With the $32 million raised in pre-seed and seed rounds, Avail’s total funding now stands at $75 million.

Prominent venture capital firms such as Founders Fund, DragonFly Capital, Cyber Fund, and other well-known VCs including SevenX, Figment, Nomad Capital, LocalGlobe, Altos Ventures, Chapter One, Superscrypt, Foresight Ventures, Mirana Ventures, KR 1, RW 3 Ventures, Alliance Dao, Hashkey, Elixir Capital, Spark Digital Capital, and some angel investors participated in Series A financing.

Series A financing will further accelerate Avail’s mission to solve the scalability, interoperability, and rollup fragmentation issues of data availability through a unified layer - a cutting-edge modular technology stack that combines data availability, aggregation, and shared security, enabling modular blockchains to scale and interoperate without permission and securely.

“This round of Series A financing marks an important moment for Avail as we strive to build a permissionless unified layer for Web3,” said Anurag Arjun, co-founder of Avail. “With this new funding, we hope to accelerate development, expand our global business, and continue to address the most critical challenges facing Web3 today, such as blockchain fragmentation, inadequate data availability, and limited scalability. Additionally, it will help facilitate collaboration with other participants in the entire Web3 ecosystem, which is key to Avail’s success.”

Avail DA provides developers with a decentralization infrastructure that enables them to quickly build and scale modern Blockchain applications. The biggest value proposition of rolling out a new rollup rather than creating a separate L1 is the ability to inherit security from the base layer. In order for Avail to be the unified layer of Web3, it needs to be extremely secure. To achieve this, Avail will expand re-staking to include longest assets such as BTC and ETH, providing sufficient security for k rollups. **

“Avail makes data availability – a historically costly problem for Blockchain – cheaper and more efficient through its innovative and customized approach. Their DA solution, coupled with the Nexus interop layer and the Fusion security layer, enabled the team to very easily and seamlessly leverage Avail’s technology stack to create new protocols across all crypto assets classes. Not only are their solutions extremely scalable and affordable, but they are also very robust options when it comes to security. We are proud to support the talented teams at Anurag, Prabal, and Avail in building this critical encryption infrastructure.” Joey Krug, Partner at Founders Fund, said.

The next plan in Avail’s unified layer roadmap is Avail Nexus, which addresses interoperability across rollups. This unified layer is a zero-knowledge-coordinated rollup built on Avail DA as the verification hub, consolidating multiple rollups to solve the issue of blockchain fragmentation, such as isolated liquidity. Avail Nexus creates a seamless user experience by abstracting chains, regardless of how many rollups they interact with or which ecosystem they are built on.

“The potential of Web3 is enormous, and Avail is at the forefront of making this new paradigm accessible and practical across a wide range of applications,” noted Haseeb Qureshi, Managing Partner at Dragonfly. “We are thrilled to support Avail as they continue to push the boundaries of what’s possible in this space.” **

A round of financing will also support the development of Fusion Security, which is a novel method to ensure the unity and shared security within the Avail ecosystem. By leveraging native assets of mature ecosystems and new rollup tokens, Fusion Security aims to provide robust encryption economic security, strengthening Avail’s function as a Web3 unified layer.

Recently, Avail crossed an important milestone in its incentive testnet “Clash of Nodes”, with a peak of 310 validators, creating nearly 110,000 accounts, and a total transaction volume of 116 million, just before the upcoming mainnet launch in a few weeks.

“Avail combines interesting technologies, using mature infrastructure such as Substrate, as well as state-of-the-art data availability sampling and zero-knowledge proof solutions,” said Walt Smith, investor at Cyber Fund. “We believe it has the potential to be a promising technology across different blockchain technologies.”

By providing a scalable data availability layer, a unified cross-chain coordination center, and highly shared native Token economic security, Avail is helping to enable a connected, user-friendly Decentralization future.

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About Avail:

Avail is led by Anurag Arjun, former co-founder of Polygon, to build a unified layer to solve the problem of large-scale rollup fragmentation. Avail fundamentally solves the Blockchain scalability problem by leveraging Avail DA, a foundational data availability layer, to implement the same technologies planned for Ethereum’s danksharding roadmap, including KZG Commitments and Data Availability Sampling (DAS). Avail Nexus solves the growing problem of fragmentation and provides permissionless interoperability by providing proof aggregation on top of the Avail Extensible DA layer. Subsequently, Avail’s security was strengthened by Avail Fusion’s longest asset staking.