Technology

Blockchain startup Ava Labs reportedly raising $350M at $5.25B valuation

Blockchain startup Ava Labs reportedly raising $350M at $5.25B valuation

Startup Ava Labs Inc., the lead developer of the Avalanche blockchain, is reportedly raising new funding at a unicorn valuation. Citing a person familiar with the matter, Bloomberg reported late Wednesday that Ava Labs is raising $350 million at a valuation of $5.25 billion. The investors participating in the funding round were not specified.

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