Caldera Raises $9 Million in Financing for “Rollup as a Service” Blockchain Platform
It is reported that Caldera, the \”rollup as a service\” platform, has announced that it has raised $9 million in two rounds of financing, led by Sequoia Capital…
It is reported that Caldera, the “rollup as a service” platform, has announced that it has raised $9 million in two rounds of financing, led by Sequoia Capital and Dragonfly respectively. Other investors include Neo, 1kx and Ethereal Ventures, as well as angel investors from Web2 and Web3. Caldera enables anyone to start and run the dedicated and high-performance second-tier blockchain “rollups”. Rollup is a lightweight, highly customizable blockchain that inherits the security of another blockchain, such as Ethereum or Polygon. By providing each application with its own “app-rollup”, Caldera provides a dedicated channel for their application transactions, fundamentally reducing transaction costs, and enabling the project to eliminate risks from soaring costs and network disruption.
“Rollup as a Service” platform Caldera announced the completion of US $9 million financing
Interpretation of the news:
Caldera has announced that it raised $9 million in two rounds of financing, led by Sequoia Capital and Dragonfly respectively, along with several investors such as Neo, 1kx, Ethereal Ventures, and angel investors from Web2 and Web3. The blockchain platform provides a unique solution to high-performance second-tier blockchains, called rollups. Caldera’s rollup is a highly customizable, lightweight blockchain that inherits security from other blockchains, such as Ethereum or Polygon.
Caldera’s primary purpose is to enable anyone to start and run their dedicated and high-performance second-tier blockchain “rollups” while also providing each application with its own “app-rollup,” which creates a dedicated channel for their application transactions. This fundamental reduction in transaction costs and network risks provides the project with the advantage to eliminate soaring costs and network disruption.
The announcement of this financing round may suggest the rapid growth of the blockchain industry, with Caldera’s solution catering to a considerable demand for a more affordable and efficient solution to blockchain transactions. Rollups are being recognized as the perfect solution for scaling Ethereum and other open-source blockchain networks.
Caldera is bringing this solution to a much larger audience, allowing everyone to create their own rollup and begin enjoying the benefits of a faster, more efficient, and cost-effective blockchain network. It offers endless possibilities for developers working in blockchain and positions Caldera as one of the frontrunners in this emerging, high-growth industry.
In conclusion, Caldera’s rollup as a service model is a significant step forward in addressing one of the most significant issues plaguing the blockchain industry – transaction costs and network disruption. With this financing round, Caldera is poised to capture a significant portion of the market, propelling the blockchain and cryptocurrency industry into even more uncharted territory. The future looks promising for Caldera, and it will be exciting to see how they impact the industry in the years to come.
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