Caldera, a leading rollup ecosystem, has raised $15 million in a Series A funding round led by Founders Fund. The funds will be used to enhance its Metalayer technology and expand its rollup network.
Points
- Caldera raised $15 million in Series A funding.
- The round was led by Founders Fund, with participation from top investors.
- Total capital raised by Caldera now stands at $25 million.
- Funds will be used to advance Metalayer technology and expand the rollup network.
- Caldera supports over 50 rollups and aims to improve efficiency, security, and scalability.
Caldera, a prominent player in the rollup ecosystem, has successfully raised $15 million in a Series A funding round. This round was led by Founders Fund, with significant participation from Dragonfly, Sequoia Capital, Arkstream Capital, and Lattice Fund. The new investment brings Caldera’s total capital raised to $25 million.
Strategic Use of Funds
The funds will be strategically allocated to advance Caldera’s Metalayer technology, a unified rollup network designed to integrate with the largest rollup ecosystem. This technology aims to enhance the efficiency, security, and scalability of blockchain operations.
Challenges and Solutions
Caldera addresses the significant challenges associated with deploying and maintaining rollups, such as high costs, slow processes, and the risks of hiring protocol and site reliability engineers. By handling everything from deployment to ongoing maintenance, Caldera ensures best security practices, low fees, customization options, and 99.99% uptime SLAs.
Company Background
Founded in 2022 by CEO Matt Katz and CTO Parker Jou, Caldera boasts a team with experience from top tech companies like Nvidia, Apple, Waymo, and Skiff. This diverse expertise positions Caldera to tackle complex blockchain issues effectively.
Rollup Ecosystem and Support
Currently, Caldera supports over 50 rollups, with 1.7 million unique wallets holding over $800 million in total value locked （TVL）. The network has completed more than 59 million transactions, highlighting its robust performance and reliability.
Notable Chains Supported
Some notable chains supported by Caldera include Manta Pacific, ApeChain, Treasure, Plume Network, Towns, Kinto, RARI Chain, and Zero Network by Zerion. Anirudh Pai, a partner at Dragonfly, has praised Caldera’s ability to innovate and execute at the forefront of rollup design.
Conclusion
Caldera’s successful Series A funding round underscores its potential to revolutionize the rollup ecosystem. By advancing its Metalayer technology and expanding its network, Caldera aims to provide scalable, efficient, and secure solutions for blockchain operations. With strong support from leading investors and a team of experienced professionals, Caldera is poised for significant growth and impact in the blockchain industry.