RedStone

company

About

RedStone builds two products: A cross-chain data Oracles for Web3 & DeFi protocols; And Warp, data-driven Smart Contracts layer on Arweave.

Details

Last Funding Type
Seed
Last Funding Money Raised
$7M
Industries
Blockchain,Cryptocurrency,Data Storage,Software
Founded date
Mar 1, 2021
Number Of Employee
1 - 10
Operating Status
Active
Also Known As
RedStone.Finance,RedStone Oracle,Warp Contracts

RedStone is a quickly growing blockchain startup, building two data-focused products aimed to unlock the potential of DeFi & Web3:

1. RedStone Oracles: A new generation of blockchain oracles with a novel architecture that optimises the way data is delivered to decentralised Apps (dApps).
RedStone provides 1,100+ data feeds delivered at a few seconds refresh interval to Ethereum, Polygon, Avalanche, Arbitrum and 30+ other top chains. We support price feeds for assets such as popular & long-tail tokens, fiat currencies, commodities, stocks, NFTs floor and RedStone can deliver also other types of data i.e. transactions volume data or results of real-world events like sports games.
Available feeds -> https://app.redstone.finance/ ; Sample integration on popular chains -> https://showroom.redstone.finance/

2. Warp: A data-processing Smart Contract layer on top of the Arweave data storage chain. Warp is optimised for data-heavy use cases such as sophisticated gaming & social dApps, interactive NFTs, simple on-chain Machine Learning and other blockchain-based solutions that have not been feasible before, due to huge data processing costs on chains like Ethereum or Avalanche.
Warp overview -> https://warp.cc/ ; Warp Academy -> https://academy.warp.cc/

RedStone Gitcoin grant -> https://gitcoin.co/grants/5477/redstone-new-generation-of-oracles-for-defi

Warp Gitcoin grant -> https://gitcoin.co/grants/7733/warp-contracts-on-arweave-revolution-of-on-chain-

Funding Rounds

Number of Funding Rounds
Total Funding Amount
2
$7.52M
RedStone has raised a total of $7.52M in funding over 2 rounds. Their latest funding was raised on Aug 30, 2022 from a Seed round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Aug 30, 2022 Seed $7M 9 Lemniscap Detail
Jul 13, 2021 Pre-seed $525K 6 Maven 11 Capital Detail

Investors

Number of Lead Investors
Number of Investors
2
12
RedStone is funded by 12 investors. Lemniscap and Blockchain Capital are the most recent investors.
Investor Name Lead Investor Funding Round
Lemniscap Yes Seed
Blockchain Capital Seed
Coinbase Ventures Seed
Arweave Seed
Bering Waters Ventures Seed
Distributed Global Seed
Lattice Ventures Seed
Maven 11 Capital Seed
SevenX Ventures Seed
1kx Pre-seed

Employee Profiles

Number of Employee Profiles
4
RedStone has 4 current employee profiles, including Executive Jakub Wojciechowski
Executive
Executive
Executive