Eclipse Labs: Revolutionizing Ethereum Layer-2 with $50M Series A Funding
March 15, 2024, 5:27 pm
Eclipse Labs
Total raised: $50M
Eclipse Labs, a groundbreaking company shaping the future of Ethereum layer-2 solutions with the Solana Virtual Machine (SVM), has secured a massive $50 million in Series A funding. This funding, co-led by Placeholder and Hack VC, has propelled Eclipse Labs' total capital to an impressive $65 million. The round also saw participation from key players in the crypto space such as Polychain Capital, Delphi Digital, Maven 11, DBA, Apollo-managed funds, and Fenbushi Capital.
Strategic investments from Flow Traders, GSR, Auros, and OKX Ventures further solidify Eclipse Labs' position as a frontrunner in the development of Ethereum layer-2 solutions. Notable researchers and builders, including Barnabé Monnot from the Ethereum Foundation, John Adler from Celestia Labs, Austin Federa from the Solana Foundation, and angel investors like ZachXBT and Meltem Demirors, have also shown their support for Eclipse Labs.
Led by a stellar team that includes Vijay Chetty, David Lin, and Neel Somani, Eclipse Labs has been making waves since unveiling its mainnet architecture in September 2023. The company has already released Devnet and Testnet versions of the Eclipse protocol, paving the way for top dApps from the Solana and Ethereum ecosystems like Rarible, Pyth Network, and Solend to migrate to Eclipse Mainnet upon its public release.
With the highly anticipated launch of Eclipse Mainnet slated for the second quarter of this year, developers and projects deploying to the platform can look forward to ecosystem grants, engineering support, and marketing assistance. Eclipse Labs is also gearing up to sponsor hackathons, accelerators, and community-building events to engage users interacting with Eclipse Mainnet.
Neel Somani, the visionary founder of Eclipse Labs, emphasized the need for a scalable and versatile layer-2 solution for Ethereum, highlighting Eclipse's unique approach in integrating the high-performance SVM with Ethereum's liquidity pools while ensuring verifiability. This strategic alignment between Solana and Ethereum is set to usher in a new era of innovation and efficiency in the blockchain space.
As Eclipse Labs continues to push the boundaries of what is possible in layer-2 solutions, industry experts like Tarun Chitra, Brian Retford, and Chris Burniske have lauded the company's pioneering efforts in virtual machine innovation. Eclipse Labs' commitment to delivering Ethereum's fastest layer-2 with minimal transaction costs is a testament to its dedication to driving progress and fostering creativity in the crypto ecosystem.
Strategic investments from Flow Traders, GSR, Auros, and OKX Ventures further solidify Eclipse Labs' position as a frontrunner in the development of Ethereum layer-2 solutions. Notable researchers and builders, including Barnabé Monnot from the Ethereum Foundation, John Adler from Celestia Labs, Austin Federa from the Solana Foundation, and angel investors like ZachXBT and Meltem Demirors, have also shown their support for Eclipse Labs.
Led by a stellar team that includes Vijay Chetty, David Lin, and Neel Somani, Eclipse Labs has been making waves since unveiling its mainnet architecture in September 2023. The company has already released Devnet and Testnet versions of the Eclipse protocol, paving the way for top dApps from the Solana and Ethereum ecosystems like Rarible, Pyth Network, and Solend to migrate to Eclipse Mainnet upon its public release.
With the highly anticipated launch of Eclipse Mainnet slated for the second quarter of this year, developers and projects deploying to the platform can look forward to ecosystem grants, engineering support, and marketing assistance. Eclipse Labs is also gearing up to sponsor hackathons, accelerators, and community-building events to engage users interacting with Eclipse Mainnet.
Neel Somani, the visionary founder of Eclipse Labs, emphasized the need for a scalable and versatile layer-2 solution for Ethereum, highlighting Eclipse's unique approach in integrating the high-performance SVM with Ethereum's liquidity pools while ensuring verifiability. This strategic alignment between Solana and Ethereum is set to usher in a new era of innovation and efficiency in the blockchain space.
As Eclipse Labs continues to push the boundaries of what is possible in layer-2 solutions, industry experts like Tarun Chitra, Brian Retford, and Chris Burniske have lauded the company's pioneering efforts in virtual machine innovation. Eclipse Labs' commitment to delivering Ethereum's fastest layer-2 with minimal transaction costs is a testament to its dedication to driving progress and fostering creativity in the crypto ecosystem.