Calimero Network, a blockchain infrastructure company, announced today that Raises $8.5 million We provide seed funding to build private sharding capabilities for blockchain networks.
The seed funding round was co-led by cryptocurrency venture capital firms Khosla Ventures, Lyrik Ventures and blockchain network Near Foundation. The funding round closed in November 2022 with participation from GSR, FJ Labs, NetZero Capital, Warburg Serres and other angel investors.
Calimero’s network evolved from the Near protocol. The Near Protocol is a scalable blockchain designed to provide a high performance experience for developers to deploy their applications. The network’s founders have used Near’s technology as the foundation for Calimero’s launch in 2020 to build a private sharding technology that allows blockchains to be created on private subnets where data can be exchanged while protecting sensitive information. Used.
With sharding, a blockchain’s ledger, data, and computations are divided into several distinct and separate segments. These segments are completely separate and private from each other and only interact based on certain rules that keep your data private and secure. These shards can also interact with public blockchains to maintain interoperability benefits with blockchains such as Ethereum.
As a result, Calimero said it offers the high security and privacy of shards while retaining the performance benefits of the Near protocol. Essentially, it provides functionality that allows enterprises to create networks within networks.
In this way, one company can have a large, comprehensive blockchain, with sub-blockchains for each internal organization. Each organization can run its own isolated blockchain network, also called a shard, and exchange data.
Alternatively, this can be done between companies within the same supply chain. These companies want to share detailed information about their products moving down the chain, but want to keep certain sensitive information within their own private blockchain ledger while maintaining the integrity of the entire chain. I’m here.
Calimero comes in two versions for institutional users: Business Console and Enterprise version. The console version is an out-of-the-box solution, ready to use by customers with little technical knowledge, designed to get your business running as quickly as possible using blockchain technology. The second is an enterprise version designed for professional users who want to customize their solution to their product, offering an on-premises solution for regulated environments.
The company is currently focused on the Near protocol. This is because it is the foundation upon which the project is built.
However, the company also builds to work with any blockchain that can operate using an Ethereum virtual machine via Aurora Labs’ Aurora, an Ethereum-compatible scaling solution built on the Near protocol. It is working. This will allow applications running on Calimero to interact with his Ethereum-compatible blockchain, opening up a wider audience for developers and potential apps.