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Blockchain Builder Eclipse Labs Raises $50M Ahead of Layer-2’s Mainnet Debut

Eclipse Labs, the company building a blockchain to scale Ethereum using parts from Solana, raised $50 million ahead of its mainnet debut, which should come within weeks. In an interview, CEO Neel Somani declined to share his two-year-old company’s current valuation. Eclipse last raised cash at a nine-figure valuation in September 2022. The fresh funding round gives Eclipse Labs capital to fill top slots in growth, HR and research as it prepares to open its novel mainnet to developers. Eclipse seeks to use a mix of technology from Solana, Celestia, Ethereum and RISC Zero for its proposed scaling solution – basically, speed like Solana with security provided by Ethereum.

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