Eclipse Labs, a San Francisco, CA-based software firm contributing to the development of the first Ethereum layer-2 using the Solana Virtual Machine (SVM), raised $50M in Series A funding. Founded by Neel Somani, Eclipse is building an Ethereum Layer 2 using the Solana Virtual Machine, so that developers get benefits of dedicated throughput with none of the downsides. Top developers and projects deploying to Eclipse Mainnet will be offered ecosystem grants alongside engineering and marketing support. Other L2 ecosystems have only optimized for full EVM compatibility, resulting in a highly fragmented, slow and undifferentiated L2 landscape. Eclipse integrates the high-performance SVM with the deep pools of liquidity on Ethereum, while maintaining the hard constraint of verifiability.“