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Flare is a powerful new blockchain with the first consensus protocol for external data. Decentralized applications on Flare can therefore trustlessly acquire and use information from other blockchains and real world data sources, solving the oracle problem and opening the door to a new era of utility. This means secure decentralized bridging, full cross-chain composability with assets and information able to flow freely between all chains, and seamless decentralized integration of Web2 data in Web3 dapps.
Investor insights
Funding rounds participated in
$35M sweet spot round size
Investor type
Privately Held
Basic info
Industry
Information Technology & Services
Sectors
Information Technology & Services
Date founded
2019
Funding rounds raised
Total raised
$35M
from investors over 1 rounds
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Flare Network raised $35M on March 23, 2024