About Avail
Avail is a company based in India founded in 2023 by Prabal Banerjee and Anurag Arjun. It operates as a Blockchain-as-a-Service. Avail has raised $70 million across 2 funding rounds from investors including Figment, HashKey Exchange and HTX. Avail has completed 1 acquisition, including Arcana Network. Avail offers products and services including Avail DA, Avail Nexus, Avail Fusion, and Avail LC. Avail operates in a competitive market with competitors including Solana, Ankr, Mysten Labs, O(1) Labs and Chain, among others.
- Headquarter India
- Founders Prabal Banerjee, Anurag Arjun
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Avail Project
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$70 M (USD)
in 2 rounds
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Latest Funding Round
$43 M (USD), Series A
Jun 04, 2024
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Investors
Figment
& 20 more
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Employee Count
Not available
- Investments & Acquisitions
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Products & Services of Avail
Avail offers a comprehensive portfolio of products and services, including Avail DA, Avail Nexus, Avail Fusion, and Avail LC.
Scalable data availability layer for blockchain networks.
Enables seamless cross-rollup and sovereign chain communication.
Provides shared security through multi-token staking mechanisms.
Lightweight node for end-user blockchain transaction verification.
Funding Insights of Avail
Avail has successfully raised a total of $70M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $43 million completed in June 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Avail
Avail has secured backing from 21 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Figment, HashKey Exchange and HTX.
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Venture capital investments in technology and defense sectors.
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Dragonfly Ventures is focused on impact investments for societal and environmental well-being.
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Blockchain investments are managed by SevenX in Shanghai.
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Investor details for Avail
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- Investor locations
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by Avail
Avail has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Arcana Network.
Investment portfolio details for Avail
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- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Chain abstraction protocols are provided for seamless multichain experiences.
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Complete acquisition details for Avail
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - Avail
Detailed financials for Avail
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- Profit trends
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Avail Comparisons
Peer comparison for Avail
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Competitors of Avail
Avail operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Solana, Ankr, Mysten Labs, O(1) Labs and Chain, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Blockchain infrastructure for transactions and counting is provided by Solana.
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Web3-native infrastructure for blockchain development and decentralization is provided.
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Web3 infrastructure solutions are offered via a blockchain platform.
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Provider of a blockchain network
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Blockchain infrastructure is offered for financial application development.
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A blockchain-based public network is operated for decentralized application development.
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Detailed competitors of Avail
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Latest news on Avail
Complete news archive for Avail
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- Brand-specific news history
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Frequently Asked Questions about Avail
Avail was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Avail is headquartered in India.
Avail is a funded company, having raised a total of $70M across 2 funding rounds to date.
Avail is established as a horizontally scalable, trust-minimized infrastructure network for blockchain ecosystems. It is focused on unifying fragmented blockchain systems by offering unlimited blockspace, native interoperability, and modular security. Solutions provided include data availability layers, interoperability frameworks, shared security mechanisms, and light client implementations. The company supports developers in building scalable, connected applications across sectors like DeFi, GameFi, and SocialFi, leveraging technologies such as KZG polynomial commitments and Data Availability Sampling for efficient transaction verification and cross-chain interactions.
Avail's top competitors include Mysten Labs, Solana and O(1) Labs.
Avail offers Avail DA, Avail Nexus, Avail Fusion, and Avail LC.
Avail has made 1 acquisition, including Arcana Network.
Avail has 21 investors. Key investors include Figment, HashKey Exchange, HTX, DRAGONFLY, and Founders Fund.