TeleportDAO is a software development startup that recently raised $2.5M in seed funding
March 18, 2023
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.
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.