TechFlow news — On September 24, according to official announcements, the modular blockchain Celestia Foundation has completed a $100 million funding round led by Bain Capital Crypto, with participation from Syncracy Capital, 1kx, Robot Ventures, Placeholder, and other institutions. This brings Celestia's total raised capital to $155 million.
Celestia's mainnet beta launched in October 2023, offering a dedicated modular consensus and data network. Since launch, its early ecosystem has gained momentum: developers have deployed the first 20 rollup chains, and recently, Celestia data blocks accounted for over half of the total data volume posted by rollups. The core development team has recently released a technical roadmap with the primary goal of scaling block size up to 1GB.
Mustafa Al-Bassam, co-founder of Celestia and chairman of the Celestia Foundation, said: "As the first modular data availability layer, Celestia has already expanded blockspace from the dial-up era into the broadband era. Now, the technical roadmap proposed by core developers will push blockspace into the fiber-optic era, while preserving verifiability and low latency."
