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Stork Network, a Web3 oracle provider, has successfully raised $4 million in an oversubscribed seed funding round. The investment was co-led by Faction VC and Lattice Fund, with participation from notable investors including Y Combinator, Amino Capital, Zillionize, 10x Founders, and House Capital. The funding aims to support Stork's development of an open data market, which is expected to leverage its position as a dominant oracle in the perpetual decentralized exchange (DEX) market, where it currently secures over 35 DEXs and has facilitated more than $300 billion in trading volume. The announcement reflects a growing interest in the potential of open data provisioning within the blockchain ecosystem.
Thrilled to announce that we co-led @StorkOracle’s seed fundraising round alongside @lattice_fund! https://t.co/BkMyGiHL1a
Happy to announce our 2.75M seed fundraising supported by @ycombinator ,@gjain @anamitra from @AforeVC , @salil from Uncorrelated venture, Jared Heyman and great YC alums from Rebel fund. More importantly, thank you @gustaf and @garrytan for your advices during the batch! 🫡🙇 https://t.co/PyT9YpzDN8
Today we're announcing that we co-led a seed round into @StorkOracle along w/ @factionVC Today Stork is the dominant oracle in the perps dex market, securing 35+ dex's and $300B+ in volume Long term Stork is building an open data market 1/ Oracles are dead. Long live oracles.