Caldera Raises $15M to Build Metalayer, ‘Connective Tissue’ Between Rollups
Caldera, a rollup ecosystem helping projects deploy their blockchains on popular stacks with a single click, has raised a $15 million Series A led by Founders Fund, with participation from Dragonfly, Sequoia Capital, Arkstream Capital, and Lattice, among others.
According to the press release, this latest round of funding brings Caldera’s total capital raised to $25 million.
The team will use the funds to advance its unified rollup network Metalayer, described as “the connective tissue” between rollups on the Optimism, Arbitrum, Polygon, and ZK stacks.
Metalayer is an omnichain, all-purpose abstraction layer for rollups utilizing different frameworks. It “enables unparalleled interoperability while streamlining the developer experience, making it possible for Ethereum to be truly web-scale.”
The network integrates with the largest rollup ecosystem, the team said, benefiting from network effects to improve efficiency, security, and scalability.
Anirudh Pai, a partner at Dragonfly, noted that he is impressed by Caldera’s ability to innovate and execute “at what I believe is the bleeding-edge of rollup design.”
He finds that the Metalayer “brings us closer to the end-game of blockchain scalability and will crucially oxygenate the Ethereum ecosystem.”
Within 2 years, we've helped 60+ top teams like @apecoin, @MantaNetwork, @rarible deploy high-performance rollups.
Today, Caldera chains secure $800M+ in TVL & have executed 60M tx.
It's time to unify rollups across @arbitrum, @optimism, @zksync & @0xPolygon with the Metalayer. pic.twitter.com/IDzL6lLlvP
— Caldera (@Calderaxyz) July 24, 2024
Caldera enables blockchain projects to deploy a rollup with one click and handles the entire process, including deployment, maintenance, security,
