With support from notable investors including Founders Fund, Dragonfly, Sequoia Capital, and Lattice (OTC:LTTC) Fund, Caldera aims to transform blockchain scalability and interoperability.
Caldera, the largest rollup ecosystem helping projects deploy their own blockchains on popular stacks with a single click and ensuring ongoing reliability and security, today announced it has raised its $15 million Series A led by Founders Fund with participation from Dragonfly, Sequoia Capital, Arkstream Capital, Lattice, among others. This latest round of funding brings Caldera’s total capital raised to $25 million. Caldera will use the funds to advance its Metalayer, a unified rollup network. This network integrates with the largest rollup ecosystem, benefiting from network effects to improve efficiency, security, and scalability.
Many blockchain projects face growing challenges in deploying and maintaining rollups due to the high costs, slow processes, and risks associated with hiring protocol and site reliability engineers. Caldera solves this by enabling projects to deploy a rollup with a single click, eliminating the need for an in-house engineering team. Caldera handles everything from deployment to ongoing maintenance, ensuring best security practices, low fees, customization options, and 99.99% uptime SLAs.
Founded in 2022 by Matt Katz, CEO, and Parker Jou, CTO, Caldera’s founders met while studying computer science at Stanford University and have since garnered experience from top tech companies such as Nvidia (NASDAQ:NVDA), Apple (NASDAQ:AAPL), Waymo, and Skiff. The leadership team includes experts from leading web3 and traditional technology companies including Coinbase (NASDAQ:COIN), Google (NASDAQ:GOOGL), Scale AI, Jump Trading, and Amazon (NASDAQ:AMZN).
About Caldera
Caldera is one of the fastest-growing rollup ecosystems on Ethereum, empowering web3 teams to launch high-performance, customizable, application-specific rollups. With over 50 modular rollups in its network, Caldera powers an ecosystem of unified rollups that share collective network effects and enjoy greater efficiency, scalability, and security. Leading Caldera chains like Manta, Apechain, Kinto, Injective, RARI Chain and Zero Network by Zerion benefit from its dedicated support for builders and robust coordination mechanisms. Caldera’s Metalayer is the connective tissue between rollups on the Optimism, Arbitrum, Polygon, and ZK stacks. As an omnichain, all-purpose abstraction layer for rollups utilizing different frameworks, the Metalayer enables unparalleled interoperability while streamlining the developer experience, making it possible for Ethereum to be truly web-scale. Caldera has raised $25 million from leading investors, including Founders Fund, Dragonfly, Sequoia Capital, and Lattice.
For more information, users can visit Caldera’s website.
ContactSenior PR ManagerKayla GillSerotoninkayla@serotonin.co
This article was originally published on Chainwire
Source: Cryptocurrency - investing.com
