The post Caldera Secures $15M Series A Funding Round to Build the Metalayer, the Largest Rollup Ecosystem appeared on BitcoinEthereumNews.com.

San Francisco, United States, July 24th, 2024, Chainwire With support from notable investors including Founders Fund, Dragonfly, Sequoia Capital, and Lattice 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, Apple, Waymo, and Skiff. The leadership team includes experts from leading web3 and traditional technology companies including Coinbase, Google, Scale AI, Jump Trading, and Amazon. “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…

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Filed under: News - @ July 25, 2024 11:14 pm