Caldera Raises $9M to Boost “Rollup as a Service”

02/14/2023 18:07 • Tech Ticker • 118 views

It is reported that Caldera, the “rollup as a service” platform, has announced that it has raised $9 million in two rounds of financing, led by Sequoia Capital and Dragonfly respectively. Other investors include Neo, 1kx and Ethereal Ventures, as well as angel investors from Web2 and Web3. Caldera enables anyone to start and run the dedicated and high-performance second-tier blockchain “rollups”. Rollup is a lightweight, highly customizable blockchain that inherits the security of another blockchain, such as Ethereum or Polygon. By providing each application with its own “app-rollup”, Caldera provides a dedicated channel for their application transactions, fundamentally reducing transaction costs, and enabling the project to eliminate risks from soaring costs and network disruption.

“Rollup as a Service” platform Caldera announced the completion of US $9 million financing

Interpret the above information:

Caldera, an innovative blockchain platform, has announced that it has secured $9 million in two rounds of financing led by Sequoia Capital and Dragonfly respectively. Neo, 1kx, Ethereal Ventures, angel investors from Web2 and Web3 are also among the investors.

Caldera provides a “rollup as a service” platform that simplifies the process of starting and running dedicated and high-performance second-tier blockchain “rollups”. A rollup is a streamlined, customizable blockchain layer that inherits the security and reliability of another blockchain, such as Ethereum or Polygon, by creating a personalized channel for each application to carry out its transactions.

The platform, therefore, provides dedicated channels for each application’s transactions, which reduces transaction costs considerably, while also allowing the project to eliminate risks from soaring costs and network disruption. Caldera thus helps businesses, developers, and other stakeholders take advantage of the full potential of blockchain technology.

The funding announcement is significant because it shows that there is still a lot of interest and demand for blockchain-based solutions that make it easier and more cost-effective to carry out transactions, especially as more businesses and industries continue to explore blockchain technology. The funding will also allow Caldera to expand its platform, add more features, and onboard more users, thus driving growth and further innovation in the blockchain ecosystem.

The emergence of Caldera’s “rollup as a service” model also signals a new trend in the blockchain industry, where blockchain-based solutions are no longer limited to a select few technical experts but are instead, accessible to a wider audience of users, including non-technical ones. Caldera’s platform, therefore, has the potential to democratize blockchain technology and make it more appealing to a broader audience of users, which is critical in driving the adoption of blockchain technology.

In conclusion, Caldera’s raising of $9 million in funding is a significant development for the blockchain industry, and its innovative “rollup as a service” platform has the potential to simplify the process of conducting transactions by reducing costs and eliminating risks. Investors believe in Caldera’s promise and support its growth, which should enable Caldera to drive further innovation and expand its reach in the blockchain ecosystem.

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Caldera Raises $9M to Boost “Rollup as a Service”

“Rollup as a Service” platform Caldera announced the completion of US $9 million financing

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