Web3 Platform Analog Raises $16M in Funding to Foster Cross-Chain Communication

A Web3 platform, Analog has raised as much as $16 million in the recent Fundraising round. The round was extensively backed by the significant Web3 and crypto projects that carried more emphasis. The funds were typically raised to heighten its cross-chain communication tools for developers. The firm has witnessed substantial support from the predominant investors, such as Orange DAO, Near, Benqi Finance, Wintermute and Quantstamp, alongside venture capital firms such as Tribe Capital, Alumni Ventures, NGC Ventures and individual Investors, including former Coinbase executive Balaji Srinivasan and Mike Novogratz’s family office, Samara Asset Group.

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