TLDR:
- Caldera, a rollup-as-a-service platform, raised $15 million in a Series A funding round led by Peter Thiel’s Founders Fund.
- The funding will help Caldera expand its team to build out the Metalayer interoperability ecosystem for launching applications across multiple blockchains.
Caldera, a startup offering a “rollup-as-a-service” platform, has secured $15 million in a Series A funding round led by Peter Thiel’s Founders Fund. The funding will enable Caldera to expand its 15-person team to further develop the Metalayer, an interoperability ecosystem aimed at simplifying the process of launching applications across various blockchains. Caldera currently provides a user-friendly interface for launching layer-2 “rollup” chains that record data to Ethereum, offering faster and cheaper transactions. The platform integrates with popular rollup-building frameworks like Arbitrum, Optimism, and Polygon, allowing developers to customize components based on their specific use cases.
The Series A funding round also saw participation from Dragonfly, Sequoia Capital, Arkstream Capital, and Lattice, bringing Caldera’s total funding to $25 million since its founding in 2022. As Ethereum’s layer-2 ecosystem continues to expand rapidly, with rollup chains surpassing the layer-1 Ethereum chain in terms of network activity, Caldera’s Metalayer initiative aims to complement existing layer-2 infrastructure components rather than compete with them directly.
CEO Matt Katz highlighted the importance of providing developers with a simplified solution for deploying and maintaining rollups, eliminating the need for in-house engineering teams and streamlining the process. With a focus on creating an entry point for multi-chain development, Metalayer aims to facilitate the deployment of applications across Caldera chains and various rollups on Ethereum simultaneously. In response to the growing demand for interoperable blockchains and efficient capital flow between different networks, Caldera’s platform seeks to contribute to the evolving landscape of layer-2 infrastructure.
Overall, the funding secured by Caldera signals a significant milestone for the startup as it continues to innovate in the burgeoning ecosystem of layer-2 blockchain solutions, catering to the needs of developers seeking streamlined tools for deploying applications across multiple networks.
