Overview

Conduit offers a platform for developing blockchain applications with improved computational capabilities, allowing developers to deploy production-ready OP Stack rollups that handle high transaction volumes at lower costs. This service is designed for teams in the crypto space who want to build and scale their applications efficiently without needing extensive technical expertise. Conduit stands out by providing infrastructure as a service (IaaS) with features like transaction tracing and real-time performance monitoring. The company's goal is to remove computational constraints and create a secure, scalable, and user-friendly environment for blockchain development.

Simplify's Take

What believers are saying

• Conduit raised $37 million, showing strong investor confidence in its growth.
• Partnerships with Friend.tech and Uniswap enhance Conduit's market presence.
• Growing interest in Layer 3 solutions expands Conduit's potential client base.

What critics are saying

• Competition from new rollup solutions like Phala Network's Op-Succinct rollup.
• Potential reliability concerns due to incidents like Degen Chain's downtime.
• Rapid blockchain advancements may outpace Conduit's current offerings.

What makes Conduit unique

• Conduit offers scalable, customizable blockchain solutions with low gas fees.
• The platform enables quick deployment of production-ready OP Stack rollups.
• Conduit provides real-time performance monitoring and custom SLAs for developers.

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Funding

Total Funding

$44M

Above

Industry Average

Funded Over

2 Rounds

$37,000,000

Series A

Jun 2024

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.

Series A Funding Comparison

Above Average

Industry standards

Ind Avg. $15M

$3.7M

$5M

$8.2M

$15M

$30M

$37M

View all funding stages