Parasail builds DePIN infrastructure that authorizes and coordinates physical assets and hardware on decentralized networks to ensure user service levels. The platform focuses on dynamically allocating hardware resources according to demand. The company says the new funding will accelerate its overall roadmap and deployment of interested assets and hardware on DePIN. Financially, Parasail completed a $4.0M seed financing at a $50.0M valuation led by Protocol Labs. The raise provides early-stage capital to scale operations and implement its coordination mechanisms. No operating metrics or founding details were provided in the article.

Total raised

$4M

Funding rounds

1

Latest round

Seed

Latest activity

May 2024