Avail raises $43 million in Series A funding

Blockchain project Avail has raised $43 million in Series A funding led by Founders Fund, Dragonfly, and Cyber Fund. The new funding will be used to build Avail's unified layer, which combines data availability, aggregation, and shared security, enabling modular blockchains to scale and interoperate in a permissionless and secure way. Three months ago, Avail, which was spun out from Polygon in March 2023, announced that it had raised $27 million in seed funding.