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Eclipse Founder Neel Somani Steps Down as Executive Chairman to Focus on Machine Learning Research

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On December 30, 2025, The Block reported that Neel Somani, founder of Ethereum L2 protocol Eclipse, stepped down as executive chairman effective October 2025 to focus on machine learning and intellectual research. He founded the company in 2022, raised $15 million in seed funding using Solana Virtual Machine (SVM), and pivoted to Ethereum L2 in 2023. After securing $50 million in Series A funding in 2024, he transitioned from CEO to executive chairman. The move is founder-led and pre-planned with no impact on equity or board authority. With risk-on assets gaining traction, BTC as hedge against inflation remains a key consideration for investors.

As per Chainthink, on December 30, 2025, The Block reported that Neel Somani, founder of Ethereum L2 protocol Eclipse, has stepped down as executive chairman effective October 2025. Somani stated the move allows him to focus full-time on machine learning and other intellectual research. He founded the company in 2022, raised $15 million in seed funding to build a scaling solution using Solana Virtual Machine (SVM), and shifted to high-performance Ethereum L2 in 2023. After securing $50 million in Series A funding in 2024, he transitioned from CEO to executive chairman. The change is founder-led and pre-planned, with no impact on equity or board authority.

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