July 24, 2024
Caldera, recognized as the largest rollup ecosystem that aids projects in launching their own blockchains on popular stacks with a single click while ensuring continuous reliability and security, has announced today that it has secured a $15 million Series A funding round.
Project | Latest Raise | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|---|
Caldera | $15M | July 24, 2024 | Series A | Peter Thiel’s Founders Fund | Roll up |
The round was spearheaded by Founders Fund and saw participation from Dragonfly, Sequoia Capital, Arkstream Capital, Lattice, and others. This recent funding round takes Caldera's total capital raised to $25 million. The funds will be utilized to further develop its Metalayer, a consolidated rollup network that integrates with the largest rollup ecosystem, leveraging network effects to enhance efficiency, security, and scalability.
Numerous blockchain projects are increasingly facing difficulties in deploying and maintaining rollups due to the high costs, slow procedures, and risks involved in hiring protocol and site reliability engineers. Caldera addresses this issue by allowing projects to deploy a roll up with just a single click, thereby eliminating the need for a dedicated in-house engineering team. Caldera takes care of everything from deployment to ongoing maintenance, ensuring adherence to best security practices, low fees, customization options, and 99.99% uptime SLAs.
About Caldera
Caldera stands as one of the most rapidly expanding rollup ecosystems on Ethereum, enabling web3 teams to initiate high-efficiency, customizable, application-specific rollups. Boasting over 50 modular rollups in its network, Caldera fuels a system of unified rollups that collectively share network effects and offer enhanced efficiency, scalability, and security. Prominent Caldera chains such as Manta, Apechain, Kinto, Injective, RARI Chain, and Zero Network by Zerion reap the benefits of its dedicated builder support and sturdy coordination mechanisms.
Caldera’s Metalayer serves as the linking element between rollups on the Optimism, Arbitrum, Polygon, and ZK stacks. As an omnichain, all-purpose abstraction layer for rollups using various frameworks, the Metalayer provides unmatched interoperability while simplifying the developer experience, thereby enabling Ethereum to truly scale to web proportions. Caldera has procured $25 million from top-tier investors, including Founders Fund, Dragonfly, Sequoia Capital, and Lattice.
Website: https://www.caldera.xyz/
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About Investor
Investor: Peter Thiel’s Founders Fund
Peter Thiel’s Founders Fund is a venture capital firm co-founded by entrepreneur and investor Peter Thiel, along with Ken Howery and Luke Nosek, in early 2005. The firm raised its first fund of $50 million from individual entrepreneurs and angel investors in January of that year1. Thiel, known for co-founding PayPal and making the first outside investment in Facebook, remains actively involved in Founders Fund. The firm has made significant investments in promising companies, including Stripe and SpaceX, both of which are among the most valuable unicorns globally.
Location: San Francisco
Website: https://foundersfund.com/
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