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