Validation Cloud Secures $5.8M to Prepare Web3 for Global Enterprise Adoption
Zug, Switzerland, February 27th, 2024, Chainwire
Validation Cloud, a leader in Web3 infrastructure, has announced its first external funding round at $5.8 million, led by SF-based Cadenza Ventures. The oversubscribed round 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”, declared Co-Founder Alex Nwaka. “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 has built a proprietary system architecture that includes several major breakthroughs for Web3. The result is a fast, scalable, and intelligent global platform that delivers Staking, Node API, and Data to users. Many refer to the company as the “Cloudflare of Web3”, a hat tip to Cloudflare’s pioneering work in Web2 scaling infrastructure that brought high-throughput applications such as video streaming to the masses; creating trillions of dollars in market value.
Founded by pioneers in Proof-of-Stake, Validation Cloud has grown its team with highly seasoned operators who have built for massive scale for the likes of Uber, Workday, Deloitte, Citadel, Morgan Stanley, Binance, Crypto.com, Figure, R3, and more. The company describes itself as talent-first, with a global employee base.
“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. To learn more, please visit www.validationcloud.io.
About Validation Cloud
Validation Cloud is a Web3 data streaming and infrastructure company that connects organizations into Web3 through a fast, scalable, and intelligent platform. Headquartered in Zug, Switzerland, Validation Cloud offers highly performant and customizable products in staking, node, and data-as-a-service.
For media inquiries, please contact: Kelly Clark, Director of Communications | kelly.clark@validationcloud.io
