Parasail completes $4 million seed round led by Protocol Labs

Parasail, which focuses on enhancing the security of DePIN hardware services, completed a $4 million seed round at a valuation of $50 million, led by Protocol Labs, Foresight Ventures, D11 Labs, MH Ventures, BitRise Capital, EV3, Fenbushi Capital, Modular Capital, Faculty Group, DWF Ventures, AGE Crypto, Waterdrip Capital and others participated.