Analog has raised $16 million in the latest funding round to develop its cross-chain communication tools at a valuation of $120 million. According to a recent social media post by Analog, the funding round led by Tribe Capital has funneled $16 million to Analog. The company plans to utilize the fund for blockchain interoperability. “We’re excited to continue building the next generation of cross-chain communication tools with such incredible support from our partners,” the post read. The other leading contributors to the funding round included NGC Ventures, Wintermute, GSR, NEAR Foundation, Orange DAO, Samara Asset Group, and more.