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 scalability solutions based on the Solana Virtual Machine, and later in 2023 shifted to building high-performance Ethereum L2 solutions. After completing a $50 million Series A funding round in 2024, he transitioned from CEO to Executive Chairman. The related adjustments are led by the founder and are pre-planned, involving no changes to his equity or board powers. (The Block)

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