According to PANews, Web3 data and AI company Validation Cloud has announced a $10 million funding round from True Global Ventures. The company plans to use the funds to expand its AI products and facilitate seamless access to Web3 data.

Validation Cloud's platform comprises three main components: staking, node API, and data and AI. The company has reported that its staking assets have surpassed $1 billion. Some of its notable clients include Chainlink, Aptos, Consensys, Stellar, and Hedera.

In February, Validation Cloud completed a $5.8 million funding round led by Cadenza Ventures.