2024-02-29 18:11:07
Zug, Switzerland (ots/PRNewswire) – In a significant step towards revolutionizing the Web3 infrastructure Validation Cloud proudly announced the successful completion of its first external investment round, raising $5.8 million. Led by San Francisco-based Cadenza Ventures, this funding round exceeded expectations with contributions from an impressive list of international investors, including Blockchain Founders FundBloccelerate, Blockwall, Side Door Ventures, Metamatic, GS Futures und AP Capital.
Alex Nwaka, co-founder of Validation Cloud, expressed his excitement regarding the funding: “This investment is a pivotal moment for Validation Cloud as we look to meet the urgent need for scalable and compliant Web3 infrastructure. We are honored to partner with our investors who are instrumental in driving the global adoption of our platform among leading networks, developers and asset managers.”
Validation Cloud is at the forefront of Web3 technology and has developed an innovative system architecture that is paving the way for significant advancements in this sector. Known as the “Cloudflare of Web3,” the company offers a robust, scalable and intelligent platform that delivers staking, node API and data services, drawing inspiration from Cloudflare’s transformative impact on Web2 infrastructure.
Founded by veterans of the Proof-of-Stake space, Validation Cloud has a team of highly experienced professionals drawn from renowned companies such as Uber, Workday, Deloitte, Citadel, Morgan Stanley, Binance, Crypto.com, Figure, R3 and others, with an emphasis on a talent-centric approach with a global workforce.
Kumar Dandapani, Managing Partner at Cadenza Ventures, highlighted the strategic vision behind the investment: “At Cadenza, we are not investing in just any company, but in the future of transformative technologies. Validation Cloud’s pioneering role in proof-of-stake and its relentless pursuit of next-generation Web3 infrastructure have made it one of the leading companies in the Web3 space.”
Commenting on the investment, Aly Madhavji, Managing Partner at Blockchain Founders Fund, said: “We believe in the transformative power of Web3 and its ability to redefine the way businesses work. Investing in Validation Cloud fits perfectly with our vision to support innovative platforms poised to lead the next wave of digital transformation.”
Validation Cloud has earned a reputation for its close partnerships with early-stage networks, supporting a wide range of ecosystems, from established ones like Chainlink, Hedera and Stellar to emerging networks like Aptos, Eigenlayer and Berachain. Its platform lays the foundation for enterprise networking adoption and positions Validation Cloud as a key player in the Web3 infrastructure landscape.
For more information regarding Validation Cloud and its offerings, please visit &h=3782949955&u=http%3A%2F%2Fwww.validationcloud.io%2F&a=%C2%A0 www.validationcloud.io.
Please contact us: Kelly Clark, Head of Communications | kelly.clark@validationcloud.io
1709230384
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