Gelato Raises $11M to Develop Rollup Platform; Announcing the Newly-Unveiled Ink from Kraken as Customer
Summary
Gelato raised $11 million in a Series A+ round to accelerate growth of its Rollup as a Service platform. The company says it will use the capital to expand its team and support more enterprise-grade rollups. Gelato also highlighted Ink, Kraken’s newly unveiled Layer 2 solution, as a customer and pointed to more than 500 applications using its web3 services. The announcement positions Gelato as infrastructure for enterprises and startups that want to launch and scale their own blockchains.
Funding
Amount
$11.0M
Total raised
Date
October 28, 2024
Announcement date
Investors
Animoca Brands
Lead investors
Company
gelato.cloud
Funded company
Classifications
industries
Fintech & Banking
applications
No applications detected
AskAI Classifications
Labels
Blockchain Infrastructure
Developer Tools
SaaS
Linked Companies
Gelato
$1M to $5M