Celestia
Fibre optic performance for millisecond markets
- 21-100 employees
- B2B
- Cryptocurrency
- Blockchain
- Web 3.0
- Fully remote
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Company mission
To enable fibre optic performance with millisecond latency.
Our take
Blockchains have traditionally been built as "monolithic" systems, where execution, consensus and data availability are bundled together in a single chain. That model, used by networks like Bitcoin and Ethereum, has proven secure but difficult to scale without trade-offs. Celestia takes a different approach. Rather than trying to be another all-in-one chain, it focuses purely on data availability and consensus, allowing developers to plug in their own execution environments. Simply put, it provides the foundation layer so others can build custom blockchains on top without starting from scratch.
Since launching its mainnet, Celestia has moved from theory to infrastructure and now acts as a live data availability layer for rollups and other modular chains, positioning itself as core plumbing for the next generation of Web3 applications. By separating responsibilities across layers, it aims to make blockchains more scalable and flexible, while still maintaining decentralisation. So instead of competing directly with major chains on transaction feeds alone, Celestia competes on architecture, offering builders a toolkit rather than a finished product.
The bet is that the future of crypto won't be one dominant chain, but many specialized ones. If that modular vision continues to gain traction, Celestia could become a foundational layer powering dozens (or hundreds) of networks behind the scenes. The challenge now isn't proving the concept, but driving sustained adoption in an increasingly competitive data availability market.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- Employment benefits
- 4 weeks annual vaction
- Meaningful long-term compensation package
- Flexible and remote work environment
Funding (last 2 of 3 rounds)
Sep 2024
$100m
LATE VC
Oct 2022
$55m
SERIES B
Total funding: $156.5m
Leadership
Mustafa Al-Bassam
(Co-Founder & CEO)Previously an Advisor at Nym and Secure Trading. Prior to this was co-founder and Researcher at Chainspace until its acquisition by Facebook.
Ismail Khoffi
(Co-Founder & CTO)Previously a Senior Software Engineer at Informal Systems and Interchain Foundation. Before this, they were an External Evaluation Expert for the European Commission.