In a remarkable development, Avail, a trailblazer in data availability, has procured $43 million in a Series A financing round, spearheaded by Founders Fund, Dragonfly, and Cyber Fund. This announcement arrives a mere three months subsequent to Avail’s revelation of a $27 million seed funding windfall.

Avail, a brainchild of Polygon birthed in March 2023, is at the forefront of facilitating data availability for blockchains. This technology is pivotal in the realm of blockchain scalability, aiding layer-2 “rollup” networks in managing transaction data and ancillary information without overburdening the primary blockchain layer. Such offloading significantly alleviates the main chain, culminating in diminished costs for end-users.

The freshly amassed capital is earmarked for the enhancement of Avail’s Unification Layer, described as a state-of-the-art modular technology stack that amalgamates data availability, aggregation, and shared security, thereby empowering modular blockchains to scale and interoperate with autonomy and security.

Moreover, the funds are allocated to advance Avail’s “Fusion Security” layer. This innovative layer will harness cryptocurrencies like ether (ETH) and bitcoin (BTC) to fortify the security of the Avail ecosystem, with an anticipated launch in early 2025.

“With this influx of capital, we are set to hasten our development, broaden our global footprint, and persist in tackling the paramount challenges confronting Web3 today, such as blockchain fragmentation, inadequate data availability, and constrained scaling,” stated Avail co-founder Anurag Arjun in a press release.