Chain Reaction

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.

Company Intelligence Q&A

What is Chain Reaction's core business?

Chain Reaction develops blockchain and privacy technologies, including application-specific integrated circuits (ASICs) for efficient hashing and solutions for accelerating privacy-enhancing technologies on encrypted data.

When was Chain Reaction founded and by whom?

Chain Reaction was founded in January 2019 by Alon Webman and Oren Yokev.

What was a significant funding event for Chain Reaction?

In February 2023, Chain Reaction secured a funding round with participation from.

What is Chain Reaction's EL3CTRUM product?

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, used in hashboards and systems.

What is the purpose of Chain Reaction's 3PU product?

3PU is Chain Reaction's privacy product, designed to accelerate real-time operations of privacy-enhancing technologies on encrypted data, enabling trusted cloud environments for various industries like financial institutions and healthcare.