Caldera Secures $15 Million Series A Funding to Revolutionize Blockchain Scalability

San Francisco, United States, July 24th, 2024, Chainwire
With backing from investors such as Founders Fund, Dragonfly, Sequoia Capital, and Lattice (OTC:LTTC) Fund, Caldera aims to transform blockchain scalability and interoperability.

Caldera, the largest rollup ecosystem that assists projects in deploying their own blockchains with a single click, announced it has successfully raised $15 million in its Series A funding round. This round was led by Founders Fund with participation from Dragonfly, Sequoia Capital, Arkstream Capital, and Lattice, bringing Caldera’s total capital raised to $25 million. The funds will be used to enhance its Metalayer, a unified rollup network designed for better efficiency, security, and scalability.

Many blockchain projects grapple with challenges in deploying and maintaining rollups due to high costs, slow processes, and hiring risks. Caldera addresses these issues by enabling projects to deploy a rollup with just one click, removing the necessity of an in-house engineering team. Caldera supports everything from deployment to ongoing maintenance, guaranteeing best security practices, low fees, customization options, and 99.99% uptime SLAs.

Founded in 2022 by Matt Katz (CEO) and Parker Jou (CTO), the founders met while studying computer science at Stanford University and have experience from top tech companies including Nvidia (NASDAQ:NVDA), Apple (NASDAQ:AAPL), Waymo, and Skiff. The leadership team comprises experts from leading web3 and traditional tech companies such as Coinbase (NASDAQ:COIN), Google (NASDAQ:GOOGL), Scale AI, Jump Trading, and Amazon (NASDAQ:AMZN).

“Revolutionizing rollup deployment is the next step in achieving a truly scalable and decentralized blockchain ecosystem,” said Matt Katz. “While building and growing Caldera to become the leading rollup ecosystem, we have identified interesting new gaps in the space that we aim to fill with the Metalayer. Our goal is to unify the Ethereum ecosystem by providing seamless interoperability between various rollup frameworks.”

Through its Metalayer network, Caldera offers web3 teams a suite of tools for launching high-performance, customizable, application-specific rollups, utilizing frameworks like Arbitrum Nitro, Optimism’s OP Stack, ZKsync’s ZK Stack, and Polygon CDK. This integration brings major stacks together to provide a unified developer experience, aiding the broader adoption of the Ethereum blockchain.

“As the crypto space has evolved, it’s now mature enough to allow developers to choose their modular stack, similar to the web’s evolution toward more modular services,” said Joey Krug, Partner at Founders Fund. “Caldera lets developers select their own DA layer, execution layer, and settlement layer for their rollup or chain, enabling a future where protocols and apps are built more effectively.”

Currently, Caldera supports over 50 rollups, with 1.7 million unique wallets holding over $800 million in total value locked and completing more than 59 million transactions. Notable chains utilizing Caldera include Manta Pacific, ApeChain, Treasure, Plume Network, Towns, Kinto, RARI Chain, and Zero Network by Zerion.

“Caldera’s ability to innovate at the cutting-edge of rollup design is impressive,” said Anirudh Pai, a partner at Dragonfly. “The Metalayer brings us closer to the end-game of blockchain scalability and will crucially oxygenate the Ethereum ecosystem.”

To stay updated on Caldera’s platform offerings and news, visit caldera.xyz or follow its X account @Calderaxyz.

About Caldera

Caldera is one of the fastest-growing rollup ecosystems on Ethereum, enabling web3 teams to launch high-performance, customizable, application-specific rollups. With over 50 modular rollups in its network, Caldera amplifies network effects for enhanced efficiency, scalability, and security. Leading chains like Manta, Apechain, Kinto, Injective, RARI Chain, and Zero Network by Zerion leverage its dedicated support for builders and robust coordination mechanisms. The Metalayer serves as the connective tissue between rollups on various stacks, enabling unparalleled interoperability and streamlining the developer experience. Caldera has raised $25 million from key investors, including Founders Fund, Dragonfly, Sequoia Capital, and Lattice.

For further information, visit Caldera’s website.

Contact
Kayla Gill
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kayla@serotonin.co

This article was originally published on Chainwire.