Deniz 
Mostly behind the modular blockchain network, the Celestia Foundation has raised $100 million in a round under the direction of Bain Capital Crypto. Participating in the round were Syncracy Capital, 1KX, Robot Ventures, Placeholder, and others, therefore adding to the overall investment of the foundation at $155 million.
Launched in October 2023, Celestia is a network meant to offload the data needs of other blockchain systems, hence enabling their scalability. Its “data availability sampling” system lets users confirm sizable blocks without downloading all the material.
Celestia will be scaled to 1-gigabyte blocks, recently disclosed by network engineers (by comparison, the typical Bitcoin block consists of one to two megabytes of data).
Since the mainnet debut last year, Celestia has seen about two dozen roll-ups.
“From the dial-up era to the broadband era, Celestia launched last year as the first modular data availability layer scaled blockspace“, said Celestia Foundation Chair Mustafa Al-Bassam in a statement. Keeping it verifiable and low latency, the core developers have now presented the technical roadmap to scale blockspace to the fiber optic era.
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