Business News Report
February 27, 2024

Validation Cloud Raises $5.8M Funding to Accelerate Web3 Enterprise Adoption

In Brief

Validation Cloud raised $5.8 million in its first external funding round led by SF-based Cadenza Ventures.

Validation Cloud Raises $5.8M Funding to Accelerate Web3 Enterprise Adoption

Web3 infrastructure provider, Validation Cloud today announced that it raised $5.8 million in its first external funding round led by SF-based Cadenza Ventures.

The round was oversubscribed and also saw participation from a global syndicate of notable firms including Blockchain Founders Fund, Bloccelerate, Blockwall, Side Door Ventures, Metamatic, GS Futures, and AP Capital.

“Validation Cloud recognized the critical need for scalable and compliant infrastructure to onboard the influx of enterprises embracing Web3,” said Alex Nwaka, co-founder of Validation Cloud. “We are privileged to partner with our global investors who are accelerating the adoption of Validation Cloud’s platform by visionary networks, builders, and asset managers around the world.”

Validation Cloud offers a suite of customizable products encompassing staking, node, and data-as-a-service solutions. The company prides itself on its proprietary system architecture, which incorporates numerous breakthroughs tailored for the Web3 environment. This architecture results in a swift, adaptable, and intelligent global platform, facilitating the seamless delivery of staking services, Node API, and data to its users.

Often referred as the “Cloudflare of Web3,” a nod to Cloudflare’s groundbreaking efforts in scaling infrastructure for Web2 and enabling high-throughput applications like video streaming, Validation Cloud has established itself as a key player in the industry. This comparison acknowledges the company’s role in driving innovation and value creation within the Web3 ecosystem.

Validation Cloud Expands Team for Large-Scale Web3 Operations

Founded by pioneers in Proof-of-Stake technology, Validation Cloud has expanded its team to include seasoned professionals with extensive experience in designing and implementing solutions for large-scale operations.

Drawing talent from renowned organizations such as Uber, Workday, Deloitte, Citadel, Morgan Stanley, Binance, Crypto.com, Figure, and R3, the company places a strong emphasis on fostering a talent-centric culture with a diverse, global workforce.

“At Cadenza, we do not invest in just any company; we invest in the future of transformative technologies. Validation Cloud’s pioneering role in Proof-of-Stake and their relentless pursuit of next-generation Web3 infrastructure have set them apart as leaders in the Web3 space,” said Kumar Dandapani, Managing Partner at Cadenza. “Cadenza is proud to lead this round and support Validation Cloud’s mission to bridge the gap between traditional enterprises and the expansive power of Web3.”

Validation Cloud has an established reputation for partnering closely with networks at their earliest stages of development and supporting their ecosystems of users with best-in-class infrastructure. In both established ecosystems like Chainlink, Hedera, and Stellar; as well as emerging networks like Aptos, Eigenlayer, and Berachain, Validation Cloud’s platform provides the necessary foundations for enterprise adoption of networks.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Kumar is an experienced Tech Journalist with a specialization in the dynamic intersections of AI/ML, marketing technology, and emerging fields such as crypto, blockchain, and NFTs. With over 3 years of experience in the industry, Kumar has established a proven track record in crafting compelling narratives, conducting insightful interviews, and delivering comprehensive insights. Kumar's expertise lies in producing high-impact content, including articles, reports, and research publications for prominent industry platforms. With a unique skill set that combines technical knowledge and storytelling, Kumar excels at communicating complex technological concepts to diverse audiences in a clear and engaging manner.

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Kumar Gandharv
Kumar Gandharv

Kumar is an experienced Tech Journalist with a specialization in the dynamic intersections of AI/ML, marketing technology, and emerging fields such as crypto, blockchain, and NFTs. With over 3 years of experience in the industry, Kumar has established a proven track record in crafting compelling narratives, conducting insightful interviews, and delivering comprehensive insights. Kumar's expertise lies in producing high-impact content, including articles, reports, and research publications for prominent industry platforms. With a unique skill set that combines technical knowledge and storytelling, Kumar excels at communicating complex technological concepts to diverse audiences in a clear and engaging manner.

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