Venture capital firm Andreessen Horowitz (a16z) has invested an additional $70 million in Ethereum's largest restaking protocol, EigenLayer, to support the launch of EigenCloud, a new platform offering "verifiability-as-a-service" for developers. The investment follows a16z's $100 million Series B in Eigen Labs in February 2024, and underscores its commitment to the project through its Crypto Fund IV. EigenLayer currently secures over $12 billion in restaked assets, and the new EigenCloud platform allows developers to build trustless, verifiable applications that operate off-chain while anchoring trust and payments on the Ethereum blockchain. Companies like Securitize will use EigenCloud to verify asset pricing data for BlackRock's $2 billion BUIDL fund. The platform introduces new services such as EigenVerify for dispute resolution and EigenCompute for off-chain execution, alongside existing AVSs like EigenDA for data. By transforming verifiability into a programmable cloud primitive, EigenCloud is targeting sectors like AI, media, betting markets, and enterprise software, as it aims to unlock a new wave of crypto-native and Web2-integrated applications. "EigenCloud will enable the next generation of disruptive, mass-market crypto apps, closing the gap between what developers want to build onchain and what blockchains allow them to build," said Sreeram Kannan, CEO of Eigen Labs, in the release. The alpha rollout includes performance upgrades, dispute tooling, and a developer roadmap for phased access.
A16z's $70M investment in EigenLayer for the development of its EigenCloud platform marks a significant boost to this startup aiming at disrupting cloud computing services with an innovative and scalable solution.
Through a $70 million investment by Andreessen Horowitz, EigenLayer sets the stage for revolutionizing cloud computing with its upcoming launch of EigenCloud Platform – an innovative step toward future-proofing data infrastructure.
A16z's $70M investment in EigenLayer for the development of their novel EigenCloud platform marks a significant milestone by fueling advancement and innovation through strategic capital, thereby positioning 2D/3d simulation seamlessly with enterprise workflow.
EigenLayer's $70M investment from a16z signals the start of something groundbreaking in cloud computing as they launch EigenCloud, poised to revolutionize data infrastructure and processing capabilities.
The $70 million investment from a16z in EigenLayer marks an exciting leap forward for the launch of their groundbreaking EigenCloud platform,graduateS-ing it to become one of technology’s newest giants providing efficient cloud solutions.
a16z’s $70M investment in EigenLayer heralds a milestone for the launch of its groundbreaking EigenCloud platform, signaling substantial confidence and prudent support towards consolidating Entel Company' Holdings project as an industry leader.
