Switchboard operates an oracle platform that gives developers full control over the data they import to blockchain applications, allowing them to configure bespoke oracle networks or tap into pre-built feeds for common use cases. Its permissionless architecture and on-demand model enable latency-sensitive users to call up just-in-time data feeds, improving efficiency and security for decentralized applications. Since launching in June 2021, the platform has attracted more than 100,000 users and secured over $2 billion in total value. Led by CEO Chris Hermida, the company emphasizes customization and scalability to support a wide range of Web3 projects across multiple chains. With its latest capital infusion, Switchboard plans to expand operations and accelerate product development, broadening both its oracle catalog and developer tooling. The $7.5 million Series A round brings additional resources to deepen partnerships with layer-1 ecosystems such as Solana, Aptos, Sui, and Starknet. Although revenue figures were not disclosed, the company’s traction metrics underscore growing demand for flexible oracle solutions within the on-chain economy.

Total raised

$8M

Funding rounds

1

Latest round

Series A

Latest activity

May 2024