By
Mayowa Adebajo
April 26th, 2024
Validation Cloud is a leading figure in the domain of Web3 data streaming and infrastructure, providing seamless connections for organizations through its swift, scalable, and intelligent platform.
On Monday, February 26, Web3 infrastructure platform Validation Cloud secured $5.8 million in investments in its inaugural external funding cycle. San Francisco-based Cadenza Ventures led the funding round, which also attracted contributions from several other global firms such as Blockchain Founders Fund, Blockwall, Bloccelerate, Side Door Ventures, GS Futures, Metamatic, and AP Capital.
Validation Cloud co-founder Alex Nwaka emphasized the pressing demand for scalable and regulatory-compliant infrastructure to accommodate the surge of enterprises embracing Web3. Nwaka expressed gratitude for the partnership with their global investors, highlighting their role in expediting the adoption of Validation Cloud’s platform by forward-thinking networks, developers, and asset managers worldwide.
Validation Cloud stands as a premier player in the realm of Web3 data streaming and infrastructure. It facilitates seamless connections for organizations via its swift, scalable, and intelligent platform. Based in Zug, Switzerland, Validation Cloud delivers top-tier, customizable solutions in staking, node operations, and data-as-a-service, catering to the diverse needs of its clientele.
Many refer to Validation Cloud as the “Cloudflare of Web3” while comparing to Cloudflare’s contributions within the Web3 scaling infrastructure. Cloudflare has been popular in revolutionizing high-throughput applications like video streaming and generated immense market value.
Validation Cloud Expands Team with Industry Veterans
Validation Cloud, a leading firm in Proof-of-Stake technology, has announced significant growth in its team. They have also welcomed seasoned professionals with extensive experience in building for large-scale operations.
Founded by pioneers in Proof-of-Stake, the company has bolstered its workforce with individuals who have previously worked with renowned entities such as Uber, Workday, Deloitte, Citadel, Morgan Stanley, Binance, Crypto.com, Figure, R3, among others.
Describing itself as a talent-first organization, Validation Cloud boasts a global employee base comprising top-notch professionals from diverse backgrounds. Kumar Dandapani, Managing Partner at Cadenza, said:
“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.”
Besides, the good thing about Validation Cloud is that they have formed key partnerships in the early stages of development. Due to its partnership with strong players like Chainlink, Stellar, and Hedera, Validation Cloud provides the necessary foundations for enterprise adoption of their network.