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EigenCloud is built on EigenLayer, Ethereum’s leading restaking protocol. It delivers “verifiability-as-a-service” for developers, bringing blockchain-grade trust and transparency to both Web2 and Web3 applications, all powered by the EIGEN token.
Eigen Labs, in February 2024, secured a $100 million Series B investment led by Andreessen Horowitz (a16z) through its Crypto Fund IV
Ali Yahya, General Partner at a16z crypto, stated that EigenLayer is overcoming blockchain’s technical bottlenecks to enable a new category of applications built on verifiable infrastructure
Sreeram Kannan, CEO of Eigen Labs, stated that EigenCloud is designed to enable the next generation of disruptive, mass-market crypto applications by closing the gap between developers’ ambitions and the limitations of existing blockchain infrastructure
Eigen Labs has launched EigenCloud, a decentralized developer platform built on its Ethereum restaking protocol, with support from a $70 million EIGEN token investment by Andreessen Horowitz (a16z)

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