Celestia Foundation has announced a $100 million fundraising round led by Big Brain Capital, with participation from Syncracy Capital, 1kx, Robot Ventures, Placeholder, and others. This brings the total funds raised to $155 million, following a $55 million round in October 2022. The announcement comes nearly a year after Celestia Network launched its mainnet in October 2023.

Celestia offers a specialized modular consensus and data network designed to scale permissionless blockchains. Developers have deployed the first 20 rollup chains, and Celestia data blobs now constitute more than half of the total data published by rollups. The foundation claims its modular network overcomes execution layer overheads, allowing developers to deploy high-throughput applications using any VM, whether for existing ecosystems like Ethereum or as sovereign networks.