Glacis Secures $2 Million in Seed Funding

Jacob Blish
May 9, 2024

We are thrilled to announce our $2 million raise in a seed funding round co-led by Arrington Capital and Paper Ventures.

As we reflect on this round, this milestone represents an endorsement of Glacisโ€™ unwavering commitment to enhance the security and efficiency of multi-bridge, chain-agnostic services in the web3 landscape. As we witness the rapid proliferation of new blockchains, the cognitive burden for developers, liquidity providers and consumers is increasing exponentially.ย 

Our firsthand experiences with bridge hacks of the last cycle and the limitations of existing cross-chain technologies impelled us to create Glacis. Built from the ground up with Moonsong Labs, we wanted to build an intuitive tool to tackle the intricate complexities developers face when managing apps across different blockchains. It goes beyond merely simplifying the developer experience but empowering developers so they focus their attention on innovation rather than infrastructure challenges. Glacis aims to actually enable developers to manage cross-chain risks and hopefully eliminate the need for relying on a single point of failure in the cross-chain stack.

How do we do this? By streamlining the use of multiple blockchain bridges, a traditionally complex and risky endeavour, featuring user-friendly, open-source capabilities for building secure, multi-bridge apps, enhancing reliability and ensuring robust protection against persistent cross-chain threats.

โ€œCross chain development is the new normal, but the required bridges add significant amounts of risk to cross chain protocols,” said Derek Yoo, CEO of Moonsong Labs. “Glacis helps developers manage this risk through multi-bridge failover and redundancy. This allows protocols to operate normally even when there are security or performance issues with any single bridge.

Since 2015, cross-chain activity continues to rise with over $10 billion transferred via bridges on a monthly basis and a 10x growth in multi-chain developers. It is against this backdrop, that Glacis aims to connect, simplify, and expand blockchain development to help developers scale their solutions more effectively.

Are you building chain agnostic applications or interested in learning more? 

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About Glacis:

Glacis is a Firewall, Router and universal adaptor for chain agnostic messaging that provides a comprehensive solution for cross-chain operations. Developers can use Glacis to express the relative value of individual messages getting sent cross-chain by assigning different security requirements to them. This could be an m-of-n requirement similar to a multi-sig, redundancy in case of bridge failure or outages, dynamic retries for delivery failure and more.

Designed to be a plug-and-play platform, Glacis eliminates the complexity of working across multiple blockchain networks, enabling developers to focus on creating robust decentralized applications (dApps) without compromising on security or functionality.