On-chain oracle startup Switchboard raised $7.5 million in Series A funding, co-led by Tribe Capital and RockawayX.

The Series A round also saw support from Solana Foundation, Aptos, and StarkWare. Additional backers include Sui developer Mysten Labs, InfStones Global, OtterSec, and Lemniscap, as announced on the social media platform X.

Switchboard plans to use the funding to enhance its oracle tools and expand use cases with web3 developers and community members.

Switchboard offers permissionless oracle network services that connect decentralized applications with real-world data. One of its products, Switchboard On-Demand, provides a low-latency, secure, and cost-effective data solution for web3 applications. "Switchboard On-Demand is designed to support high-fidelity financial systems where users can specify how data from on-chain or off-chain sources is ingested and transformed," the firm stated.