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Polygon Spinoff Avail Raises $43M in Series A Funding

Avail, a blockchain project known for its data availability network, announced Tuesday that it has raised $43 million in a Series A funding round led by Founders Fund, Dragonfly and Cyber Fund. The news comes three months after Avail, which spun out of Polygon in March 2023, shared it had raised $27 million in seed funding. The fresh round of capital will go towards building out Avail’s Unification Layer, “a cutting-edge modular technology stack that combines data availability, aggregation, and shared security to enable modular blockchains to scale and interpreted permissionless and securely,” Avail said in a press release. 

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