Celestia Foundation, a modular data availability network that makes it easy for anyone to securely launch their own blockchain., raised $100M in funding.
The round, which brought the total amount to $155M, was led by Bain Capital Crypto, with participation from Syncracy Capital, 1kx, Robot Ventures, Placeholder, and more.
The foundation intends to use the funds to expand operations and its development efforts.
Led by Mustafa Al-Bassam, Chairman, Celestia Foundation is advancing a modular data availability network that allows developers to deploy applications using any VM, whether to scale existing ecosystems like Ethereum or as their own sovereign networks.
Celestia Mainnet Beta went live in October 2023. Since launch, an early ecosystem has taken form, with developers deploying the first 20 rollup chains and Celestia data blobs recently hitting more than half of total data published by rollups.
Recently, Celestia’s core developer community announced its technical roadmap with a core objective to scale to 1 gigabyte blocks, bringing a massive increase in data throughput to Celestia’s rollup ecosystem.
FinSMEs
30/09/2024