Gelato Raises $11 Million, Total Funding Reaches $23 Million for Rollups as a Service with Kraken's Ink

Gelato, a rollup development platform specializing in smart-contract automation, has successfully raised $11 million in its latest funding round. This funding was led by Hack VC and included participation from Animoca Brands and others.

The latest investment brings Gelato's total funds raised to $23 million. The company plans to utilize this capital to enhance its 'Rollups as a Service' (RaaS) platform, which aims to support a growing number of rollups, including the recently launched Ink by Kraken. Gelato's partnership with Kraken's Ink will focus on building a high-performance Layer 2 solution based on the OP Stack.

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