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High Tech Seed Founded 2018

Razor Network

Razor Network provides a decentralized oracle network that supplies external data to smart contracts for decentralized finance applications. The platform uses a network of stakers who fetch and validate data, ensuring that smart contracts can access real-world information without relying on centralized servers that create single points of failure. Razor Network features an end-to-end decentralized architecture with…

📍 Singapore, Singapore · Blockchain Infrastructure,

Funding snapshot

Last roundSeed
Amount$14M
Date6 February 2021
Total raised$4M
Team size5

About

Razor Network provides a decentralized oracle network that supplies external data to smart contracts for decentralized finance applications. The platform uses a network of stakers who fetch and validate data, ensuring that smart contracts can access real-world information without relying on centralized servers that create single points of failure. Razor Network features an end-to-end decentralized architecture with no centralized bottlenecks, a dispute escalation and resolution mechanism that makes it resistant to collusion, bribing, and censorship attacks, and automated data fetching that maintains speed without compromising security. The network is deployed on a scalable blockchain and is blockchain-agnostic, secured by a Proof of Stake consensus mechanism with strict penalties for misbehavior. Founded in 2018 and headquartered in Singapore, Razor Network has raised $3.7 million in seed funding from investors including NGC Ventures, Alameda Research, Spark Digital Capital, Borderless Capital, Bixin Invest, IOSG Ventures, One Block Capital, BTC12 Capital, TRG Capital, Consensus Capital, Zmtcapital, Kosmos Ventures, Genblock Capital, BitBlock Group, Origin Capital, pSquare Capital, and others. The platform provides a RazorScan explorer for monitoring network activity and offers documentation for application developers interested in integrating oracle services.

Business model

Smart Contracts > Contract Integration > Decentralised Oracle Network,

Blockchain Infrastructure > Smart Contracts > Decentralized Oracle Networks

Institutional investors

NGC Ventures Alameda Research Spark Digital Capital Borderless Capital Bixin Invest Spark Digital IOSG Ventures One Block Capital BTC12 Capital TRG Capital Consensus Capital Zmtcapital Kosmos Ventures Genblock Capital BitBlock Group

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