In pre-seed and seed rounds, Eclipse collected $15 million to develop a programmable Solana Virtual Machine (SVM). Polchain led the $6 million pre-seed round, which also included Tribe Capital, Tabiya, Galileo, Polygon Ventures, and Accel. His $9 million seed round was co-led by Tribe Capital and Tabiya, with funding from Infinity Ventures Crypto, Soma Capital, Struck Crypto, CoinList, and other investors.
For the purpose of building a developer-customizable Solana Virtual Machine (SVM), Eclipse raised $15 million in pre-seed and seed rounds. By using a Layer 2 scaling protocol built on the Solana framework, developer programs can increase throughput while maintaining a bespoke ratio of speed, distribution, and cost.
The $6 million pre-seed round was led by Polychain with participation from Tribe Capital, Tabiya, Galileo, Polygon Ventures and Accel. Meanwhile, the $9 million seed round was co-led by Tribe Capital and Tabiya, with Infinity Ventures also participating in his Crypto, Soma Capital, Struck Crypto and CoinList.
Other participants in the funding included prominent angel investors Dawn Song of Oasis Labs, Sreeram Kannan of EigenLayer and Ryan Fang of Ankr.
In July, Polygon announced his Ethereum Virtual Machine (EVM) compatible Zero-Knowledge Proof-based Scaling (zkEVM) solution. It allows developers to build infinitely scalable apps for his web3 community. On September 8th, BNB Chain followed zkBNB, its own scaling solution, to provide infinite scaling possibilities for decentralized app developers.
Eclipse’s new offering follows in the footsteps of other powerful scaling solutions introduced by Polygon and Binance.
Eclipse’s solution aims to provide a highly scalable solution that allows developers to deploy their own rollups backed by SVMs using any chain for security or data storage.
This solution is specifically designed for mass adoption of decentralized apps when enterprises want to explore various Web3 use cases.
Eclipse’s notable partnerships include collaborations with Celestia, EigenLayer, Oasis Labs, Polygon, Cosmos, and NEAR.