Calimero Network received an investment of $8.5 million to create a private sharing infrastructure.
The investment round, which was attended by London-based blockchain infrastructure company Calimero Network, was jointly led by Khosla Ventures, Lyrik Ventures and the Near foundation.
What Does the Calimero Network Do?
The Calimero Network is split from Near Protocol, a high-performance Blockchain launched on the mainnet in 2020. The founders of Calimero, Sandi Fatic and Mario Halambek, were the first infrastructure engineers of the Near protocol.
Sharding divides a blockchain into several smaller networks for use by individual companies. Calimero allows companies to store information on private shards while also interacting with the public blockchain.
Sandi Fatic, one of the founders, said the following in an interview:
“The companies we are in now are mostly like web2.5 companies, either they used to be on the mainnet and are looking for more privacy, or they are new to the field and don’t know much. They know about blockchain, but they need privacy and scaling.”
As a result of his efforts, Calimero managed to receive an investment of 8.5 million dollars in the last investment round.
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