The Celestia Foundation today announced that it has secured $100 million in funding, led by Bain Capital Crypto. The investment, which brings the project’s total raised to $155 million, will support the continued development and expansion of Celestia’s modular blockchain technology.
Celestia, launched in October 2023, is the industry’s first specialized modular consensus and data network. It offers a unique approach to scaling permissionless blockchains by separating the consensus and execution layers, allowing for greater flexibility and scalability.
Since its launch, Celestia has seen significant growth, with developers deploying over 20 rollup chains and the network processing more than half of all data published by rollups. This demonstrates the increasing adoption and potential of Celestia’s modular architecture.
The newly raised funds will be used to further accelerate Celestia’s development, with a focus on scaling blockspace to 1 gigabyte blocks. This ambitious goal will significantly increase data throughput, enabling Celestia to handle a massive number of transactions and applications.
“When Celestia launched last year, it scaled blockspace from the dial-up era to the broadband era,” said Mustafa Al-Bassam, co-founder of Celestia and Chairman of the Celestia Foundation. “Now, the core developers have introduced the technical roadmap to scale blockspace to the fiber optic era – while keeping it verifiable and low latency.”
