Chain Reaction
Blockchain and Privacy Technologies for Enhanced Compute Performance
Company Overview
Snapshot
Founded in January 2019 by Alon Webman and Oren Yokev, Chain Reaction operates with 51–200 employees. The company has raised $115 million across three funding rounds from 8 investors. In February 2023, Chain Reaction secured a funding round with participation from.
Business overview
Chain Reaction develops blockchain and privacy technologies designed to accelerate compute performance. The company's EL3CTRUM product line focuses on efficient hashing application-specific integrated circuits (ASICs) optimized for high performance, energy efficiency, and low power in blockchain applications. Its 3PU privacy product accelerates real-time operations of privacy-enhancing technologies on encrypted data, transforming cloud environments into trusted platforms. Chain Reaction serves various industries, including financial institutions, healthcare, pharmaceuticals, defense, government, and oil and gas, operating within the Industrial Technologies sector.
Strategic signal
In May 2024, Chain Reaction's CEO expressed strong confidence in the company's future, stating ambitions to become the next major company from Israel. This signals a period of aggressive growth and market expansion, indicating the company's readiness to scale its blockchain and privacy technology solutions and potentially challenge established players in the industrial technology and semiconductor sectors.
Log in to access full profile ›Company Intelligence Q&A
- What is Chain Reaction's primary focus?
- Chain Reaction focuses on developing blockchain and privacy technologies to enhance compute performance, enabling scalable solutions for complex problems across various industries.
- When was Chain Reaction founded and by whom?
- Chain Reaction was founded in January 2019 by Alon Webman and Oren Yokev.
- What is EL3CTRUM?
- EL3CTRUM is Chain Reaction's blockchain product line, featuring efficient hashing application-specific integrated circuits (ASICs) optimized for high performance, energy efficiency, and low power consumption.
- What is 3PU?
- 3PU is Chain Reaction's privacy product, designed to accelerate real-time operations of privacy-enhancing technologies on encrypted data, thereby transforming the cloud into a trusted environment for sensitive data processing.
- What significant funding event occurred in February 2023?
- In February 2023, Chain Reaction raised a funding round with participation from.