# Axelar Network: Computer & network security, McNab/Braeside, Canada > Axelar Network: Axelar Network is a decentralized interoperability platform that serves as a universal router for the Web3 ecosystem. Source: https://millionrounds.com/startup/axelar-network (Millionrounds; every figure on the page links to its filing or article) Canada · [Computer & network security startup](https://millionrounds.com/companies) # Axelar Network Axelar Network is a decentralized interoperability platform that serves as a universal router for the Web3 ecosystem. Funding reported Last round: Venture (Round not Specified) Computer & network security McNab/Braeside, Canada Company summary - **Founded:** 2020 6 years old - **Team:** 17 11 to 50 people - **Funding reported:** 95.3M as listed, currency not stated - **Last round:** Venture (Round not Specified) Mar 2025 How sure we are - ✓ **Listed** We know it exists and what it does - 2 **Funding reported** A company dataset reports a raise - 3 **Observed** A filing or a dated announcement confirms a round No round for Axelar Network has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology) ## About Axelar Network Axelar Network is a decentralized interoperability platform that serves as a universal router for the Web3 ecosystem. Founded in 2020 by Sergey Gorbunov and Georgios Vlachos, the platform enables secure and scalable communication and asset transfers across over 60 blockchain ecosystems, including Ethereum, Solana, and Bitcoin. Axelar operates on a Proof-of-Stake blockchain built on Tendermint technology, facilitating General Message Passing (GMP) that allows developers to create complex cross-chain applications. The company offers a range of services, including cross-chain asset transfers, an interchain dApp development platform, and security validation services. Its native token, $AXL, is used for staking, governance, and transaction fees. Axelar aims to simplify cross-chain development for blockchain developers and enhance user experiences for crypto enthusiasts, DeFi traders, and gamers by providing a seamless way to interact with multiple blockchains without managing various wallets or tokens. ## What company datasets say Axelar Network raised Funding, as reported Reported in all **95.3M** in the source's currency Rounds **6** Last round **Venture (Round not Specified)** Last round size **30M** Last round date **Mar 2025** Investors listed **5** Valuation **$1.0B, Oct 2024** ## On 11 portfolio pages Investors who name them - [Morningstar Ventures](https://millionrounds.com/fund/morningstar-ventures) - [Figment Capital](https://millionrounds.com/fund/figment-capital) - [Collab+Currency](https://millionrounds.com/fund/collab-currency) - [Node Capital](https://millionrounds.com/fund/node-capital) - [Sonic Boom Ventures](https://millionrounds.com/fund/sonic-boom-ventures) - [Divergence Ventures](https://millionrounds.com/fund/divergence-ventures) - [Scytale Digital](https://millionrounds.com/fund/scytale-digital) - [Andromeda Capital](https://millionrounds.com/fund/andromeda-capital) - [Hypersphere Capital](https://millionrounds.com/fund/hypersphere) - [Cosmos Network](https://millionrounds.com/fund/cosmos-network) - [Sergey Gorbunov](https://millionrounds.com/fund/sergey-gorbunov) Each firm lists Axelar Network on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source. ## The company, in detail What they build Known for blockchain decentralized finance user experience programmable interoperability interchain liquidity customizable blockchain solutions smart contracts distribution defi multi-chain architecture interoperability multi-chain deployment multichain multi-chain tokenization decentralized network interoperability sdks Built with from their website CloudFlare CDN Google Tag Manager Amazon CloudFront Google Hosted Libraries cdnjs Twitter Ads Google Font API HSTS Twitter Analytics Personio +8 more Highlight.js YouTube Cloudflare DNS Google Workspace Keybase CloudFlare Viewport Meta Mobile Friendly - **Sector:** Computer & network security - **Industry code:** NAICS 51321, 518210, 541512, SIC 7375 - **Region:** Ontario - **Revenue:** 10M a year, as listed ## Computer & network security in Canada Startups like it - [**1Password** Toronto · founded 2005 *Raised*](https://millionrounds.com/company/1password) - [**Corsa Security** Ottawa · founded 2013 *Raised*](https://millionrounds.com/company/corsa-security) - [**HYAS** Vancouver · founded 2015 *Raised*](https://millionrounds.com/company/hyas) - [**Figment** Toronto · founded 2018](https://millionrounds.com/startup/figment-4) - [**IntelliGO Networks Inc** Toronto · founded 2005](https://millionrounds.com/startup/intelligo-networks-inc) - [**ISARA Corporation** Waterloo · founded 2015](https://millionrounds.com/startup/isara-corporation) - [**Qohash** Quebec · founded 2018](https://millionrounds.com/startup/qohash) - [**Mondata** Quebec · founded 2018](https://millionrounds.com/startup/mondata-2) ## Is this your company? 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