According to an official announcement, the Celestia Foundation has raised $100 million in a funding round led by Bain Capital Crypto, with participation from Syncracy Capital, 1kx, Robot Ventures, Placeholder, and others, bringing the project's total funding to $155 million.

Launched in October 2023, Celestia’s Mainnet Beta introduced the industry’s first modular consensus and data network. Since then, developers have deployed 20 rollup chains, with Celestia data blobs making up more than half of the total data published by rollups.

Unlike traditional monolithic Layer 1 (L1) blockchains, Celestia bypasses execution layer limitations, allowing developers to use any virtual machine (VM) to create high-throughput, decentralized applications, whether scaling ecosystems like Ethereum or building sovereign networks.

Celestia’s technical roadmap aims to scale to 1-gigabyte blocks, boosting data throughput across the network’s rollup ecosystem. Mustafa Al-Bassam, co-founder of Celestia, compared the progress to upgrading from the broadband to the fiber-optic era, maintaining both verifiability and low latency.

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Celestia Foundation