Validation Cloud Secures $5.8 Million in Funding Led by Cadenza Ventures
Sentiment: Positive
In a significant development for the Web3 landscape, Validation Cloud, a trailblazer in Web3 infrastructure solutions, proudly announced the successful closure of its inaugural external funding round, amassing an impressive $5.8 million. Spearheaded by San Francisco-based Cadenza Ventures, the funding round saw participation from a global syndicate of esteemed firms, including Blockchain Founders Fund, Bloccelerate, Blockwall, Side Door Ventures, Metamatic, GS Futures, and AP Capital.
Alex Nwaka, Co-Founder of Validation Cloud, underscored the pivotal importance of scalable and compliant infrastructure for enterprises venturing into the Web3 realm. Nwaka stated:
Validation Cloud recognized the critical need for scalable and compliant infrastructure to enable the influx of enterprises embracing Web3. We are honored to partner with our global investors who share our vision of accelerating the adoption of our platform by leading-edge networks, builders, and asset managers worldwide.
Validation Cloud: The "Cloudflare of Web3"
Drawing parallels to Cloudflare's groundbreaking role in Web2 infrastructure, Validation Cloud has developed a proprietary system architecture, creating a rapid, scalable, and intelligent global platform. This platform encompasses staking, node API, and data services, earning the company the moniker of the “Cloudflare of Web3”.
A Team of Seasoned Veterans
Validation Cloud distinguishes itself with a team comprising seasoned professionals who have honed their skills while working with industry giants like Uber, Workday, Deloitte, Citadel, Morgan Stanley, Binance, Crypto.com, Figure, R3, and more. The company proudly emphasizes its “talent-first” approach with a globally distributed workforce.
Expressing their confidence in Validation Cloud's leadership in Proof-of-Stake and commitment to advancing Web3 infrastructure, Kumar Dandapani, Managing Partner at Cadenza, stated:
Validation Cloud’s leadership in Proof-of-Stake and their commitment to building next-generation Web3 infrastructure solidify their position as a frontrunner in the space. Cadenza is proud to lead this round and support Validation Cloud’s mission to bridge the gap between traditional enterprises and the immense potential of Web3.
Building the Foundation for Enterprise Web3 Adoption
With a commendable track record of collaborating closely with networks in their early stages, Validation Cloud has been a reliable support system for networks ranging from established players like Chainlink, Hedera, and Stellar to emerging networks like Aptos, Eigenlayer, and Berachain. The Validation Cloud platform offers the essential foundation for the enterprise adoption of Web3 networks.
In conclusion, Validation Cloud's successful funding round marks a pivotal moment in the evolution of Web3 infrastructure, with the company poised to become a driving force in accelerating the adoption of Web3 across enterprises globally.
About the Author
Enthusiastic writer whose current area of interest is the blockchain sector. When not writing, you will find her reading essays on sociology and playing/listening to music. Firm believer that crypto will transform the world.
