Ava Labs, a cryptocurrency startup and creator of Avalanche blockchain, is raising $350 million at a $5.25 billion valuation. Avalanche was created by Cornell University professor Emin Gun Sirer and the AVAX token has approximately a $21 billion market cap at this time. Nearly 250 applications currently run on the Avalanche chain, which was designed to compete with Ethereum, Solana and other public proof of stake chains. (Bloomberg)
April 15, 2022
Ava Labs Announces $350 Million Funding at $5.2 Billion Valuation
