Avail operates a data availability network that helps blockchains store transaction and other information cheaply and in an easy-to-reference manner, particularly to support layer-2 rollup networks. Its technology offloads data from main chains, reducing burden and lowering costs for end-users. The company is building an Unification Layer, a modular stack combining data availability, aggregation, and shared security to enable modular blockchains to scale and interoperate permissionlessly and securely. Avail is also developing a Fusion Security layer intended to allow cryptocurrencies like ether (ETH) and bitcoin (BTC) to contribute to the ecosystem’s security; Fusion is expected to go live in early 2025. The new capital will be used to accelerate development, expand global presence, and address blockchain fragmentation, insufficient data availability, and limited scaling in Web3. Financially, Avail announced a $43M Series A and had disclosed a $27M seed round three months earlier. Avail is a Web3 modular blockchain services provider that aims to enable modular execution layers to scale and interoperate with minimal trust. The company focuses on simplifying the rollup experience and providing a unified, efficient platform for users and developers from any ecosystem. Its core offering targets modular execution and cross-ecosystem interoperability. Avail positions itself to reduce trust assumptions between layers while streamlining rollup integration. Financially, the company recently completed a $27 million seed funding round led by Founders Fund and Dragonfly.

Total raised

$75M

Funding rounds

4

Latest round

Series A

Latest activity

Jun 2024