RedStone, Blockchain Oracle Project Pushing Into Restaking, Raises $15M
Summary
RedStone, an oracle data feeds provider for blockchains, has raised $15 million in a series A funding round led by Arrington Capital. The funds will be used to hire new team members. Other participants in the round included SevenX, IOSG Ventures, Spartan Capital, White Star Capital, Kraken Ventures, Amber Group, Protagonist, gumi Cryptos, Samara Asset Group and HTX Ventures. RedStone is focusing on bringing its oracles to Ethereum’s restaking landscape and has recently secured a $500 million deal with Ether.fi, the largest restaking service on EigenLayer. RedStone provides data feeds for Ethereum, zkSync Era, Avalanche, Base, Polygon, Linea, Celo, Optimism, Arbitrum, Fantom, BNB Chain and Blast.
