# Switchboard Technology Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/switchboard-technology-labs

- Industry: Software
- Headquarters: Tallahassee, US
- Website: www.switchboard.xyz
- Total disclosed funding: $7.5M
- Latest round: Series A (May 28, 2024)
- Investors on record: 10

## About

Founded in 2021 and based in Florida, US, Switchboard Technology Labs, Inc. operates as an oracle network that connects dapps to real-world data. The company was founded by Chris Hermida. In May 2024, Switchboard Technology Labs, Inc. raised USD 7.5 million in Series A funding co-led by Tribe Capital, RockawayX, Solana Foundation, Aptos Labs, Mysten Labs, Subzero Ventures, Starkware, Arche Capital, Breed VC, and Ascensive Assets. .

Switchboard Technology offers a decentralized oracle network that connects decentralized applications (dApps) to real-world data. The products and services offered by the company include data feeds, which provide dApps with reliable data; oracle aggregators, which integrate multiple oracles into a single transaction; Switchboard Randomness offers secure and verifiable random number generation (RNG) for dApps; and Switchboard Secrets allows for the secure storage of sensitive information like API keys and passwords.

The company plans to utilize the funding raised in May 2024 to expand its operations and business reach.

## Funding rounds

- Series A, May 28, 2024, $7.5M — Rockaway, Subzero Engineering, StarkWare Industries Ltd., Tribe Capital, Arches Capital, Ascensive Asset Management, Mysten Labs, Inc., Aptos Labs, The Solana Foundation, Breed VC

## Investors

- Rockaway (https://capitalatlas.ai/funds/rockaway) — Series A
- Subzero Engineering — Series A
- StarkWare Industries Ltd. — Series A
- Tribe Capital (https://capitalatlas.ai/funds/tribe-capital) — Series A
- Arches Capital (https://capitalatlas.ai/funds/arches-capital) — Series A
- Ascensive Asset Management (https://capitalatlas.ai/funds/ascensive-asset-management) — Series A
- Mysten Labs, Inc. — Series A
- Aptos Labs — Series A
- The Solana Foundation — Series A
- Breed VC (https://capitalatlas.ai/funds/breed-vc) — Series A