Validation Cloud, a Web3 infrastructure frontrunner, revealed its first external funding round at $5.8 million, as per the info shared with Finbold on February 27..
Led by San Francisco-based Cadenza Ventures, the round witnessed participation from a number of firms worldwide, including Blockchain Founders Fund, Bloccelerate, Blockwall, Side Door Ventures, Metamatic, GS Futures, and AP Capital.
Where is Validation Cloud heading?
Established by pioneers in Proof-of-Stake (POS), Validation Cloud has a team of highly skilled operators with experience working at Uber, Workday, Deloitte, Citadel, Morgan Stanley, Binance, Crypto.com, Figure, and R3.
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More importantly, the company has built a reputation based on close collaborations with nascent networks such as Aptos (APT), Eigenlayer, and Berachain, providing infrastructure to support their user ecosystems.
Kumar Dandapani, Managing Partner at Cadenza, emphasized his firm’s selective investment approach and expressed confidence in Validation Cloud, stating:
“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.”
– Kumar Dandapani, Managing Partner at Cadenza
The demand for Validation Cloud solutions
Addressing the press, Validation Cloud fo-founder Alex Nwaka emphasized the pressing demand for scalable and compliant infrastructure, stating:
“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.”
– Alex Nwaka, Validation Cloud fo-founder
Sometimes dubbed “The Cloudflare of Web3” –– a nod to Cloudflare’s groundbreaking work in Web2 infrastructure –– Validation Cloud now boasts a proprietary system architecture incorporating several pivotal advancements for Web3 and offering staking, Node API, and Data to users.
