Avail, a blockchain that aims to help other blockchains scale, today announced a $43 million Series A round led by Founders Fund, Dragonfly, and Cyber Fund. Adding to its pre-seed and seed raises, its funding now totals $75 million.
Avail's customers are layer-2s, meaning blockchains like Base, Polygon, Arbritrum, or Opitmism that assemble batches of transactions and write them to a primary, or layer-1, chain. Avail provides services specifically for rollups, which are a type of layer-2 designed to scale networks. By processing transactions away from the main blockchain, rollups ensure that costs are reduced and a chain avoids congestion-induced delays.
