Company Overview
Snapshot
Founded in February 2017 by David Assaraf, COTI operates with 51–200 employees. The company has raised $3.75 million across two funding rounds. In May 2024, COTI launched its V2 developer network, introducing advanced garbling protocols to enhance confidentiality in blockchain applications.
Business overview
COTI is a Fintech & Insurtech company that provides a privacy layer for Web3, leveraging its breakthrough cryptographic protocol, Garbled Circuits. This technology offers an advanced and compliant solution for data protection on public blockchains, enabling new use cases in confidential transactions, Artificial Intelligence, DeFi, and decentralized identification. COTI serves various markets, including financial services, enterprises, and e-commerce platforms, operating within the cryptocurrency, blockchain, and privacy-protection sectors.
Strategic signal
In November 2024, COTI partnered with Poolz to launch the MomentumX Accelerator, an initiative designed to support ventures building on COTI's technology stack. This collaboration is significant as it demonstrates COTI's commitment to fostering innovation within its ecosystem and expanding the adoption of its privacy-focused Web3 solutions. The accelerator, backed by COTI's annual investment of up to $1 million, signals a strategic move to drive growth and solidify its position in the Decentralized Confidential Computing space.
Log in to access full profile ›Company Intelligence Q&A
- What is COTI's primary focus in the Web3 space?
- COTI focuses on providing the fastest and lightest privacy layer in Web3, utilizing its Garbled Circuits cryptographic protocol to ensure data protection on public blockchains.
- What was a significant development for COTI in May 2024?
- In May 2024, COTI launched its V2 developer network, which integrates advanced garbling protocols to enhance confidentiality in blockchain applications and unlock new use cases within the Web3 ecosystem.
- What strategic partnership did COTI announce in November 2024?
- In November 2024, COTI partnered with Poolz to launch the MomentumX Accelerator. This program aims to support projects leveraging COTI’s privacy technology and Poolz’s crowdfunding expertise, with COTI committing up to $1 million annually to the initiative.
- How is COTI contributing to Central Bank Digital Currencies (CBDCs)?
- In November 2024, COTI showcased its blockchain-based solution for CBDCs in the Bank of Israel’s Digital Shekel Challenge. Its privacy-first approach, using cryptographic techniques like garbled circuits, positions it as a key player in integrating privacy into digital currency systems.
- When did COTI launch its L2 Testnet and with what support?
- In September 2024, COTI launched its L2 Testnet with support from a dozen ecosystem partners, including MyEtherWallet (MEW) and AnChain. The testnet provides scalable and privacy-focused solutions for Web3 users, leveraging Garbled Circuits technology.