TLDR
- Eclipse, a modular blockchain platform, secures $50 million in Series A funding.
- Investors include Placeholder, Hack VC, Polychain Capital, Delphi Digital, and more.
Eclipse, a modular blockchain platform, has successfully secured $50 million in Series A funding, with Placeholder and Hack VC leading the round. Other participating investors include Polychain Capital, Delphi Digital, Maven 11, DBA, and Fenbushi Capital. This funding round brings Eclipse’s total raised funds to $65 million, following a $15 million pre-seed and seed funding round announced in September 2022.
The platform utilizes multiple layers of blockchains for various tasks, such as Solana Virtual Machine (SVM) for execution, Celestia for data availability, and Ethereum for settlement and consensus. According to Eclipse’s founder, Neel Somani, modular blockchains offer scalability advantages over traditional solutions, with a focus on enhancing user experience on Ethereum.
Eclipse has already attracted several decentralized applications (dApps) to its protocol’s devnet and testnet versions, including popular platforms like Rarible, Pyth Network, and Solend. The company plans to accelerate ecosystem growth through hackathons, accelerator programs, and community events ahead of its mainnet launch scheduled for Q2 2024.
