Eclipse Raises $15M for Customizable Solana VM Layer 2 Technology

SAN FRANCISCO–(BUSINESS WIRE)–Eclipse, a provider of customizable modular modules, today announced that it has raised $15 million in pre-seed and seed funding. Eclipse maximizes throughput, while giving developers the ability to customize their own balance of speed, decentralization, and cost. With Eclipse, applications can create their own low-trust application chains powered by the Solana virtual machine.

Eclipse’s $9 million seed round was co-led by Tribe Capital and Tabiya, which were joined by Infinity Ventures Crypto, Soma Capital, Struck Crypto, and CoinList, among others. A $6 million pre-seed round was led by Polychain and joined by Tribe Capital, Tabiya, Galileo, Polygon Ventures and Accel, as well as notable angel investors including Dawn Song of Oasis Labs, Sreeram Kannan of ‘EigenLayer and Ryan Fang from Ankr. .

Eclipse solves a major problem in the Web3 development ecosystem. With recent corporate interest in Web3 use cases, apps are still forced to share the same throughput with other apps based on the same blockchain, with no option to leave if the app faces downtime. shutdown or high transaction costs. Going beyond traditional alternatives such as Aptos and Starkware, Eclipse allows developers to deploy their own rollup powered by the Solana VM, using any chain for security or data storage. Eventually, Eclipse will also support the Move language.

Eclipse has already partnered with a series of major ecosystems, including Celestia, EigenLayer, Oasis Labs, Polygon, Cosmos, and NEAR. He also received a development grant from the Solana Foundation to support the development of rollups powered by the Solana virtual machine.

“Eclipse has the potential to attract more people to the Sealevel VM,” says Anatoly Yakovenko, co-founder of Solana and angel investor in Eclipse. “Eclipse paves the way for the Solana runtime environment to communicate with Cosmos chains via IBC.”

Eclipse was launched as a portfolio company of Anagram, a venture capital fund founded by Lily Liu. The team consists of Neel Somani, former Citadel quantitative researcher, former Airbnb software engineer, and Sam Thapaliya, founder of the Zebec protocol, one of the most widely adopted apps on Solana. Zebec will create its own deployment chain using technology from Eclipse, which will serve as the flagship use case for the Eclipse architecture.

“As large enterprises and governments begin to enter the blockchain space, Eclipse is essential infrastructure to facilitate their use cases, such as web2-scale consumer and financial applications,” said Niraj Pant. , general partner of Polychain Capital.

Eclipse technology will pave the way for a new stack type that could make many other stacks obsolete. The value proposition of the new stacking technology has already attracted interest from more than 50 protocols, including Zebec, Notifi and Friktion.

The tooling that Eclipse will provide to developers will easily enable customizable blockchains where each team of developers does not have to become their own protocol designer.

Funds raised by Eclipse will be used to grow the Eclipse ecosystem and further promote technical development, including attracting Rust engineers and expanding the business development team.

The team plans to go live with a public testnet in early 2023. The network will launch with support from the Celestia ecosystem; the team has already joined Celestia’s Modular Fellows program and entered into a token swap with Celestia’s foundation.

“We are excited to support Eclipse as the data availability solution for their VM Solana deployment,” said Mustafa Al-Bassam, CEO of Celestia Labs. “Modularity will allow developers using Eclipse to deploy code as a customizable rollup, saving significant cost and development time.”

“Eclipse is building the next generation of infrastructure for the next wave of decentralized applications. As a protocol, if you want throughput at scale, you should consider using Eclipse. This is exactly the type of opportunity, of growth trajectory and network effect that we are looking for in Tribe Capital’s crypto incubator program,” says Boris Resvin, Managing Partner of Tribe Capital.

“While web services were originally monolithic, they eventually decoupled into microservices where you could swap each of the pieces,” explained Neel Somani, co-founder of Eclipse. “A blockchain architecture like Eclipse 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 developers to deploy their own customizable rollups using the Solana VM, using any chain for security or data storage. Their public testnet will go live in 2023 in the Celestia ecosystem and will then be deployed in blockchain ecosystems. Developers interested in Eclipse technology can subscribe to the mailing list on the Eclipse website. website and follow Eclipse Twitter.

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