Avail has secured a $43 million Series A funding round. The round welcomed participation from several well-known investors, among them Dragonfly Capital and Founders Fund.

With the closing of the Series A round, the total funding for Avail now stands at $75 million.

As per the startup, the funding will be used to accelerate its mission to address challenges such as data availability, interoperability, and Rollup fragmentation.

Specifically, Avail is building the Unification Layer, an advanced technology stack combining data availability, aggregation, and shared security.

Avail | Blockchain Startup

Founded by former Polygon Founder Anurag Arjun and Research Lead Prabal Banerjee, Avail has led the way in a distinctive approach to solving the problems impairing rollup scalability, interoperability, and security.

Avail data availability offers a decentralized infrastructure for developers to build and scale blockchain applications.

The biggest value proposition for spinning up a new rollup rather than creating a separate L1 is the ability to inherit security from the base layer.

For Avail to become the unification layer for web3, it needs to be extremely secure. To achieve this, Avail will extend re-staking to include multiple assets such as bitcoin and Ethereum.

Speaking about the development, Anurag Arjun, Founder and CEO of Avail, said,

“With this new capital, we are poised to accelerate our development, expand our global presence, and continue to address the most critical challenges facing Web3 today, such as blockchain fragmentation, insufficient data availability, and limited scaling”.

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