San Francisco, USA, July 24, 2024, Chainwire
Backed by notable investors including Founders Fund, Dragonfly, Sequoia Capital, and Lattice (OTC:) 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 while ensuring consistent reliability and security, today announced that 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 the total capital raised by Caldera to $25 million. Caldera will use the funds to advance its Metalayer, a unified rollup network. This network integrates with the larger rollup ecosystem, benefiting from network effects to improve efficiency, security, and scalability.
Many blockchain projects face increasing challenges in deploying and maintaining rollups due to high costs, slow processes, and risks associated with hiring protocol and site reliability engineers. Caldera solves this by allowing projects to deploy a rollup with a single click, eliminating the need for an in-house engineering team. Caldera takes care of everything from deployment to ongoing maintenance, ensuring security best practices, low fees, customization options, and service level agreements with 99.99% uptime.
Founded in 2022 by CEO Matt Katz and CTO Parker Jou, Caldera’s founders met while studying computer science at Stanford University and have since gained experience at major tech companies including Nvidia (NASDAQ:), Apple (NASDAQ:), Waymo, and Skiff. The management team includes experts from leading web3 and traditional technology companies including Coinbase (NASDAQ:), Google (NASDAQ:), Scale AI, Jump Trading, and Amazon (NASDAQ:).
“Revolutionizing rollup implementation is the next step towards achieving a truly scalable and decentralized blockchain ecosystem,” said Matt Katz. “While building and growing Caldera into the leading rollup ecosystem, we have identified new and interesting gaps in the space that we aim to fill with Metalayer. Our goal is to unify the ecosystem by providing seamless interoperability between various rollup frameworks.”
Through its Metalayer Network, Caldera provides web3 teams with a set of tools to launch custom, high-performance, application-specific development packages. The project uses frameworks such as Arbitrum Nitro, Optimism’s OP Stack, ZKsync’s ZK Stack, and Polygon CDK, which bring together major stacks for a unified developer experience. By integrating core and L2 ecosystem projects into its technology, Caldera is helping to expand the adoption and use of the Ethereum blockchain.
“As the crypto space has evolved, it is now mature enough to allow developers to choose their own modular stack, much in the same way the web evolved from monolithic infrastructure to more modular cloud-based services. With Caldera, developers can do things like choose their own DA layer, execution layer, and settlement layer for their rollup or chain. I believe this is the future of how protocols and applications will be built in the space, and Caldera is at the forefront. This allows developers to focus on their core products while Caldera takes care of the underlying infrastructure,” said Joey Krug, Partner at Founders Fund. “Caldera is capturing two main markets: large existing projects looking to launch their own rollup, and new teams who may not have the capital or infrastructure to manually launch their own chain from scratch. We have gotten to know their excellent team over the past year and look forward to continuing to support their mission.”
Caldera currently supports over 50 rollups with 1.7 million unique wallets holding over $800M in total value locked and completing over 59 million transactions. Notable chains include Manta Pacific, ApeChain, Treasure, Plume Network, Towns, Kinto, RARI Chain, and Zerion’s Zero Network.
“I am very impressed by Caldera’s ability to innovate and execute on what I believe to be the cutting edge of rollup design,” said Anirudh Pai, Partner at Dragonfly. “I believe Metalayer brings us closer to the ultimate goal of blockchain scalability and will crucially breathe new life into the Ethereum ecosystem.”
To learn more about Caldera's platform offerings and stay updated on its latest news, users can visit caldera.xyz or visit its X at @Calderaxyz.
About Caldera
Caldera is one of the fastest-growing rollup ecosystems on Ethereum, enabling web3 teams to launch custom, high-performance, application-specific rollups. With over 50 modular rollups on its network, Caldera powers an ecosystem of unified rollups that share collective network effects and enjoy increased efficiency, scalability, and security. Caldera’s core chains like Manta, Apechain, Kinto, Injective, RARI Chain, and Zerion’s Zero Network benefit from its dedicated developer support and robust coordination mechanisms. The Caldera metalayer is the connective tissue between rollups across the Optimism, Arbitrum, Polygon, and ZK stacks. As an omni-chain, multi-purpose abstraction layer for rollups using different frameworks, the metalayer enables unparalleled interoperability while streamlining the developer experience, making Ethereum 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 Public Relations ManagerKayla GillSerotonin[email protected]
This article was originally published on Chainwire
