Truflation, a San Francisco, CA-based economic data field company, raised $6M in funding.
The round was led by Laser Digital, Red Beard Ventures, Modular Capital, Abra, G20, and Four Seasons Ventures, as well as previous backers Chainlink, Fundamental Labs, C2squared, Cogitent Ventures, and the Israeli Blockchain Association. This investment round also saw the Base Ecosystem Fund, managed by Coinbase Ventures, selecting Truflation among its first cohort from a shortlist of more than 800 applications.
The company intends to use the funds to expand operations and development efforts.
Truflation specializes in the economic data field, providing a comprehensive selection of independent indexes and data feeds. Compiled using millions of data points aggregated in real-time, the company offers a pinpoint accurate alternative to data collection methods employed by official data agencies. It also offers a DRPp (Definitive Reference Point) protocol, which tracks real-time data across networks, markets, and feeds. Tracking over 18 million items with three price feeds per item, Truflation’s censorship-resistant and accessible data indices provide the necessary data infrastructure to bring about systemic advancements in the economy, empowering developers to build open limitless markets.
FinSMEs
08/02/2024