Libra Association member Bison Trails receives $25.5 million in Series A financing, led by Blockchain Capital

A member of the Libra Association, blockchain infrastructure as a service provider, Bison Trails, has just raised $25.5 million in Series A funding to expand its product range.

The round of financing was led by Blockchain Capital, and Silicon Valley venture capital firms Kleiner Perkins, Coinbase, Consensys and Galaxy Digital participated in the current round of financing.

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Joe Lallouz, CEO of Bison Trails, told The Block that the company will use new funding to expand its product range and develop new network roadmaps for projects such as Libra, Telegram, Skale and Polkadot.

Lallouz said:

“As one of the 21 founding members of the Libra Association, we are actively working with founding members to drive technology development and Libra's release from the test network to the main network.”

Bison Trails said the company will play a key role in strengthening the Libra network to support "billions of transactions."

Bison Trails will also take its platform from a current limited beta to a broader market, hiring more members for its team; Lallouz says they are ahead of the exchange and hosting with new funding in place Establish a partnership.

Bison Trails financing has reached $31 million

Founded in 2018, Bison Trails aims to eliminate the need for blockchain projects to develop internal security and infrastructure needs. The company said that there are currently more than 20 agreements relying on the infrastructure of Bison Trails.

Lallouz told The Block that the charges for Bison Trails vary from network to network and add:

"Many of our services, including project launch, management, monitoring, scaling, protecting their infrastructure and handling network updates, are included in the price of running a node cluster."

Lallouz said:

“When we started building Bison Trails, we wanted to provide entrepreneurs with enough transparency and convenience to be able to boldly build a decentralized ecosystem… we have become the infrastructure to run on multiple blockchains. The easiest way."

In the A round of financing, Kleiner Perkins investor Monica Desai said:

“Bison Trails has long recognized that node infrastructure will be the bottleneck for blockchain adoption, which is why they have created a decentralized, user-friendly solution that developers and users love. It’s great to be them. Part of the development of a phase."

Lallouz said that the A round of financing has made the company's total financing to date reach $31 million. However, he declined to comment on the valuation and revenue of Bison Trails.