Union Labs has successfully raised $12 million in a Series A funding round aimed at enhancing blockchain interoperability. The funding was co-led by Gumi Cryptos and LongHash Ventures, bringing the total capital raised by Union Labs to $16 million. The initiative focuses on enabling communication between different blockchains, which is increasingly vital as the blockchain ecosystem expands. The announcement was made on December 3, 2024, following some initial reporting errors regarding the funding amount.