TechFlow news — On July 24, according to The Block, Web3 infrastructure platform Caldera announced a $15 million Series A funding round led by Founders Fund, with participation from Sequoia Capital, Dragonfly, Arkstream Capital, Lattice, and others. The funds will be used to develop the "Metalayer," aiming to unify fragmented Layer 2 and Layer 3 ecosystems and improve the development experience for multi-Rollup decentralized applications.
Caldera is a Rollup-as-a-Service platform that enables developers to quickly launch Ethereum-based Rollups or scaling networks. The platform has already helped over 50 projects deploy Rollups, securing more than $800 million in total value locked and processing over 59 million transactions. Matt Katz, co-founder and CEO of Caldera, said the funding will further advance its technology and help Web3 teams leverage shared network effects to achieve greater scalability and security.
