Leading provider of Web3 infrastructure, Validation Cloud, has announced the closing of its first $5.8 million external fundraising round, headed by San Francisco-based Cadenza Ventures. A worldwide syndicate of renowned companies, including Blockchain Founders Fund, Bloccelerate, Blockwall, Side Door Ventures, Metamatic, GS Futures, and AP Capital, also participated in the oversubscribed round.
Co-Founder Alex Nwaka declared:
“Validation Cloud recognized the critical need for scalable and compliant infrastructure to onboard the influx of enterprises embracing Web3. 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.”
With the development of a unique system architecture, Validation Cloud has made numerous significant advancements for Web3. As a consequence, consumers may access Staking, Node API, and Data via a quick, scalable, and intelligent global platform. Since Cloudflare pioneered Web2 scaling infrastructure and made high-throughput applications like video streaming widely available, the firm has been referred to as the “Cloudflare of Web3,” generating trillions of dollars in market value.
Established by forerunners in the Proof-of-Stake space, Validation Cloud has expanded its workforce to include highly skilled operators with extensive experience in building large-scale systems for clients such as Uber, Workday, Deloitte, Citadel, Morgan Stanley, Binance, Crypto.com, Figure, R3, and more. The organization prides itself on putting talent first and employing people all around the world.
Kumar Dandapani, Managing Partner at Cadenza stated:
“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. 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 is well known for its ability to work closely with networks in their early phases of development and provide best-in-class infrastructure to support their user ecosystems. Validation Cloud’s platform offers the foundations required for corporate adoption of networks in both newly developing networks like Aptos, Eigenlayer, and Berachain and existing ecosystems like Chainlink, Hedera, and Stellar. Please visit www.validationcloud.io to learn more.
