Caldera raises $15M in Series A Funding Round to Build the Largest Rollup Ecosystem

Caldera, a rollup ecosystem, has raised $15 million in a Series A led by Founders Fund, with participation from Dragonfly, Sequoia Capital, Arkstream Capital, and Lattice Fund.

The total capital raised is $25 million. Caldera team said they will use the funds to advance its Metalayer, a unified rollup network that integrates with the largest rollup ecosystem, improving efficiency, security, and scalability.

In addition, they said that Caldera solves the challenges of deploying and maintaining rollups due to the high costs, slow processes, and risks associated with hiring protocol and site reliability engineers.

Caldera handles everything from deployment to ongoing maintenance, ensuring best security practices, low fees, customization options, and 99.99% uptime SLAs. The company was founded in 2022 by Matt Katz, CEO, and Parker Jou, CTO, and has experience from top tech companies such as Nvidia, Apple, Waymo, and Skiff.

The Metalayer network provides web3 teams with a suite of tools for launching high-performance, customizable, application-specific rollups using frameworks like Arbitrum Nitro, Optimism’s OP Stack, ZKsync’s ZK Stack, and Polygon CDK. By integrating core ecosystem projects and L2s into its technology, Caldera is helping to broaden the adoption and use of the Ethereum blockchain.

Caldera allows developers to choose their modular stack for their rollup or chain. This allows developers to focus on their core products while Caldera handles the underlying infrastructure.

Currently, Caldera supports over 50 rollups, with 1.7 million unique wallets holding over $800 million in total value locked and completing more than 59 million transactions.

Notable chains include Manta Pacific, ApeChain, Treasure, Plume Network, Towns, Kinto, RARI Chain, and Zero Network by Zerion. Anirudh Pai, a partner at Dragonfly, is impressed by Caldera's ability to innovate and execute at the bleeding edge of rollup design.

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