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Ethereum Layer 2 network Eclipse Executive Chairman Neel Somani stepped down in October 2025 and shifted his focus to research areas such as machine learning. Eclipse Labs disclosed that Somani founded the company in 2022, initially focusing on scaling solutions based on the Solana Virtual Machine, and later in 2023 shifted to building high-performance Ethereum L2; after completing a $50 million Series A funding round in 2024, he transitioned from CEO to Executive Chairman and appointed Vijay Chetty as CEO. The related adjustments were led and planned by the founders and did not involve changes in equity or board authority. (The Block)