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Glacis raises $2M in seed funding led by Arrington Capital and Paper Ventures to enhance multi-bridge, chain-agnostic services.

May 13, 2024over 1 year ago

Amount Raised

$2 Million

Round Type

seed

New YorkSoftware

Investors

Paper VenturesArrington Capital

Description

Glacis, a developer of a Firewall and Router Protocol for simplifying cross-chain operations, secured $2m in seed funding. Backers included Arrington Capital and Paper Ventures. The company intends to use the funds to further enhance the security and efficiency of multi-bridge, chain-agnostic services in the web3 space.

Company Information

Company

Glacis

Location

New York, New York, United States

About

Glacis is a middle-ware protocol for developers to manage cross chain messages/bridging with fine grained controls. It was built to help standardize messaging, avoid vendor lock in and single bridge failures, adding redundancy and fail over in case of outages or issues, retry attempts and access controls.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers