Catenaa, Thursday, June 26, 2025-Venture capital firm Andreessen Horowitz has committed an additional $70 million to EigenLayer, a leading Ethereum restaking protocol, to launch EigenCloud, a platform designed to extend blockchain verifiability to off-chain applications, the companies announced Tuesday.
EigenCloud aims to solve a major challenge for blockchain developers by enabling verifiable computation beyond the blockchain itself, including artificial intelligence tasks and real-world data verification. This will allow developers to build applications with blockchain-level trust guarantees without needing deep blockchain expertise.
Eigen Labs CEO Sreeram Kannan said the platform supports programmable enforcement mechanisms such as slashing, flexible operator selection, and custom settlement, creating a unified verification framework for any blockchain-based project.
The funding from Andreessen Horowitz’s Crypto Fund IV adds to a prior $100 million Series B investment, underscoring confidence in EigenLayer, which holds over $12 billion in restaked assets, making it Ethereum’s largest restaking protocol since its 2023 mainnet launch.
EigenCloud comprises three core modules: EigenVerify for dispute resolution, EigenDA for data availability, and EigenCompute for execution.
These operate via Autonomous Verifiable Services, decentralized off-chain units that leverage EigenLayer’s shared security to validate tasks like oracles and bridges.
Financial services firm Securitize will use EigenCloud to verify asset pricing data for BlackRock’s $2 billion BUIDL tokenized fund, marking one of its first major enterprise applications.
Kannan emphasized that slashing penalties for dishonest operators are isolated to individual services, preventing systemic risk to Ethereum’s base layer.
The platform’s alpha version is now available, with wider rollout and additional features planned later this year.
