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Eclipse Raises $15M for Customizable Solana Virtual Machine Layer 2 Technology

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San Francisco – (business wire) — Eclipse, a customizable modular rollup provider, announced today that it has raised $15 million in pre-seed and seed funding. Eclipse maximizes throughput while giving developers the flexibility to customize their own balance of speed, distribution, and cost. Eclipse allows applications to leverage the Solana virtual machine to build their own minimally trusted app chains.

Eclipse’s $9 million seed round was co-led by Tribe Capital and Tabiya, with participation from Infinity Ventures Crypto, Soma Capital, Struck Crypto, CoinList and others. $6M pre-seed round led by Polychain with participation from Tribe Capital, Tabiya, Galileo, Polygon Ventures, Accel and notable angel investors including Oasis Labs’ Dawn Song, EigenLayer’s Sreeram Kannan and Ankr’s Ryan Fang Did. .

Eclipse solves a major pain point in the Web3 development ecosystem. Recent enterprise interest in Web3 use cases is still forcing applications to share the same throughput with other applications built on the same blockchain, leading to application downtime and high transaction costs. There is no option to leave if confronted. Beyond traditional alternatives such as Aptos and Starkware, Eclipse allows developers to deploy their own rollups powered by Solana virtual machines using any chain of security or data storage. In the future, Eclipse will also support his Move language.

Eclipse has already partnered with a range of leading ecosystems including Celestia, EigenLayer, Oasis Labs, Polygon, Cosmos and NEAR. We have also received a development grant from the Solana Foundation to support the development of our rollup using the Solana virtual machine.

Anatoly Yakovenko, Solana co-founder and Eclipse angel investor, said: “Eclipse paves the way for Solana’s runtime to communicate with the Cosmos chain through his IBC.”

Eclipse was founded as a portfolio company of Anagram, a venture capital fund founded by Lily Liu. The team consists of Neel Somani, a former Citadel quant his researcher and former Airbnb software engineer, and Sam Thapaliya, founder of the Zebec protocol, one of his most widely adopted applications on Solana. I’m here. Zebec uses Eclipse technology to create its own rollup chain. It serves as a lighthouse use case for the Eclipse architecture.

Niraj Pant, general partner at Polychain Capital, said:

Eclipse technology sets the stage for new types of rollups that can make many other rollups obsolete. The new rollup technology value proposition has already captured the interest of over 50 protocols, including Zebec, Notifi and Friktion.

The tools Eclipse provides developers easily enable customizable blockchains without each team of developers having to become their own protocol designer.

Funds raised by Eclipse will be used to grow the Eclipse ecosystem and further fuel technology development, especially by attracting Rust engineers and expanding the business development team.

The team expects the public testnet to go live in early 2023. This network will be launched with the support of the Celestia ecosystem. The team has already joined Celestia’s Modular Fellows program and signed a token swap with Celestia’s foundation.

Celestia Labs CEO Mustafa Al-Bassam said: “Modularity allows developers using Eclipse to deploy code as customizable rollups, saving significant development costs and time.”

“Eclipse is building the next generation infrastructure for the upcoming wave of distributed applications. As a protocol, if you need massive throughput, you should consider using Eclipse. Exactly the type of opportunity set, growth trajectory and network effect.Look out for Tribe Capital’s crypto incubator program,” said Boris Resvin, Managing Partner at Tribe Capital.

Eclipse co-founder Neel Somani said, “Web services were originally monolithic, but were eventually decoupled into microservices that could be swapped out.” Blockchains like Eclipse Architecture is a natural progression in the history of technology.”

About Eclipse:

Eclipse is a San Francisco-based technology company founded in 2022 by Neel Somani and Sam Thapaliya. Eclipse allows a developer to deploy his own customizable rollup using his Solana virtual machine and use any chain for security or data storage. Their public testnet will go live in the Celestia ecosystem in 2023, after which it will be rolled out across the blockchain ecosystem. Developers interested in Eclipse technology should follow Eclipse information by signing up for the Eclipse mailing list on his website. twitter.

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