Quick take:
Caldera offers a Web3 infrastructure platform that helps developers launch rollups or scaling networks on Ethereum.
Some of the networks and chains to utilise Caldera include Manta Pacific, Injective, ApeChain, Plume Network, Kinto, RARI Chain and over 50 others.
The company will use the fresh funding to build a “Metalayer” which seeks to address the fragmentation between layer-2 and layer-3 networks.
Caldera, a Web3 infrastructure platform specialised in enabling developers to launch scaling solutions and rollups on Ethereum has secured a $15 million Series A round led by Peter Thie’s Founders Fund. The fundraising also attracted participation from Dragonfly, Sequoia Capital, Arkstream Capital, Lattice Fund, and others.
Caldera plans to use the fresh funding to build “Metalayer” a new infrastructure platform that is meant to unify layer-2 and layer-3 networks, co-founder and CEO Matt Katz told The Block.
“Metalayer will deliver an improved developer experience for multi-rollup dApps, help web3 teams leverage shared network effects, and enjoy greater scalability, efficiency and security,” Katz said. “We expect the Metalayer to unlock new potential for novel dApp, network and token designs within the Ethereum rollup ecosystem.”
According to Katz, Caldera’s rollup-as-a-service platform has already onboarded more than 50 networks and chains, including Manta Pacific, Injective, ApeChain, Plume Network, Kinto, and RARI Chain, among others.
Commenting on his firm’s leading role in the fundraising, Joey Krug, partner at Founders Fund said in a statement: “Caldera is capturing two core markets: major existing projects looking to launch their own rollup, and new teams that may not have the capital or infrastructure to manually launch their own chain from scratch.”
“This allows developers to focus on their core products while Caldera handles the underlying infrastructure.”
Anirudh Pai, partner at Dragonfly, added: “I believe the Metalayer brings us closer to the end-game of blockchain scalability and will crucially oxygenate the Ethereum ecosystem.”
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The post Caldera Secures $15 Million Series A to Unify L2s and L3s with ‘Metalayer’ appeared first on NFTgators .