Eclipse names New CEO amid Neel Somani Sexual misconduct allegations

Eclipse Labs founder and CEO Neel Somani has officially resigned amid allegations of sexual misconduct, with Vijay Chetty stepping into the role of CEO “effective immediately.”

In a social media announcement, Eclipse Labs confirmed Somani’s departure and Chetty’s promotion from chief growth officer to CEO.

Chetty brings extensive experience in the crypto industry, having held leadership positions at Uniswap Labs, dYdX Trading, and Ripple Labs, in addition to his background in investing at BlackRock.

Somani addressed the allegations on social media, asserting his innocence and readiness to defend his reputation. He previously announced a temporary reduction in his role as the public face of the firm.

The allegations remain unproven in court.

Headquartered in San Francisco, Eclipse Labs is a layer-2 blockchain scaling project built on Ethereum. In March, the company announced a $50 million funding round to support the launch of its Ethereum network scaling solution.

Operational update on behalf of Eclipse Labs: "Effective immediately, Vijay Chetty will be named CEO of Eclipse Labs, taking over for Neel Somani who is departing. Chetty will be elevated from Chief Growth Officer and will assume all responsibilities of CEO.

— Eclipse 🌑 (@EclipseFND) May 16, 2024

The funding round, co-led by Placeholder and Hack VC, raised the total capital to $65 million. Other notable participants included Polychain Capital, Delphi Digital, Maven 11, DBA, Apollo-managed funds, and Fenbushi Capital.

Eclipse Labs is actively hiring for various positions, including a Growth Engineer, Marketing Lead, and People Operations Manager, with a preference for candidates in the Bay Area.

The post Eclipse names New CEO amid Neel Somani Sexual misconduct allegations appeared first on Baffic.