+6%

est. 2Y upside i

DevOps & InfraSeries A

Caldera is a Sequoia-backed company since 2022.

Rank

#1925

Sector

Blockchain Infrastructure / Rollup-as-a-Service

Est. Liquidity

~3Y

Data Quality

Data: Low

Equity is highly speculative due to missing financials and a stale Series A valuation.

Last updated: July 19, 2026

Bull (15%)+135%

Metalayer adoption accelerates, driving TVL beyond $2B; valuation reaches $250M on IPO optimism, despite token unlock.

Base (50%)+35%

Gradual growth with 50+ rollups; valuation climbs to $150M as revenue becomes visible, but diluted by token unlock.

Bear (35%)-90%

Token sell-off depresses ecosystem, competition from incumbents intensifies; valuation drops to $50M, preference stack leaves common nearly worthless.

Est. time to liquidity~3.0 years

Preference Stack Risk

high

Funding Intensity

25%

Total funding $25M on estimated $100M valuation gives preferred a 25% overhang, which severely dilutes common in downside scenarios.

Dilution Risk

moderate

No immediate raise needed (runway ~5 years), but employee option pool and token unlock may effectively dilute equity.

Secondary Liquidity

none

No secondary market activity reported; liquidity likely only via exit event.

Questions to Ask at the Interview

Strategic questions based on Caldera's data — designed to show you've done your homework.

  • 1

    “How does the Metalayer differentiate from existing interoperability solutions like Optimism's Superchain?”

  • 2

    “What is the unit economics and typical deployment fee for a rollup?”

  • 3

    “What is the current cash burn rate and how does the token unlock affect equity value?”

Community

Valuation Sentiment

Our model estimates +6% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.