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TeleportDAO is a software development startup that recently raised $2.5M in seed funding

TeleportDAO is a software development startup that recently raised $2.5M in seed funding

March 18, 2023

Logo of TeleportDAO

TeleportDAO is a Vancouver-based software development startup that recently raised $2.5M in seed funding from prominent investors, including CoinList, Quantstamp, Inc., AppWorks, Candaq Fintech Group, SNZ Holding Limited, and Gate.io. Founded by Niusha Moshrefi, the company is focused on providing a trustless and universal interoperability protocol that allows developers to build cross-chain applications. TeleportDAO is a light-client bridge that provides the most secure interoperability solution as it does not rely on third parties. It connects blockchains directly together without introducing a new consensus layer, which makes it applicable between any two blockchains, whether programmable or non-programmable. 

Team workshop of TeleportDAO

With TeleportDAO, developers can easily integrate their dApp with different blockchain ecosystems and access users of other blockchains for their existing dApp. They can also build innovative cross-chain applications that reside on multiple blockchains. The company's strengths lie in its secure, universal, and developer-friendly platform that achieves blockchain-level security by validating all data by smart contracts. TeleportDAO is poised to revolutionize the way developers build and deploy cross-chain applications, and its innovative approach has already attracted some of the industry's leading investors.

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