Orbs Overview
Orbs offers a blockchain stack that provides a mix of performance, cost, security, and ease of use, while harnessing the power of community, decentralization, and distribution. Orbs combines scalability, low fees, and isolation between virtual chains with a top-grade developer experience, online integrated development environment, and smart contracts in familiar languages. Orbs is a public blockchain infrastructure designed for mass usage applications. The Orbs infrastructure is open and permission-less. The Orbs protocol is decentralized and executed by a public network of permission-less validators using proof-of-stake consensus. The Orbs protocol relies on the ORBS token used for the settlement of fees related to app execution and provides the system of incentives used to elect validators (referred to as "Guardians") in a secure and decentralized manner.
Cumulative Funding Raised Over Time ($)
—Dec 2018
Latest News
growth-positive
Orbs Featured on Staking Rewards
Staking Rewards has added the ORBS token to their platform, resulting in a growth-positive impact on the company. The key theme of the article is the addition of the ORBS token to Staking Rewards. The article discusses topics such as staking, the platform, the Orbs Staking Rewards page, and the ORBS token. No specific customers or valuation amounts are mentioned in the article. The event described in the article does not have a specific date. Confidence: 8
Partners
growth-positive
Binance Partners With Orbs Blockchain to Launch a DeFi Accelerator
Binance has partnered with Orbs to sponsor a DeFi accelerator program. The program aims to support research, development, and community engagement in the decentralized finance field. Participants will receive mentorship, funding opportunities, and market exposure. Binance also offers special consideration for participants who apply to its seed fund for Bridging DeFi and CeFi. The accelerator will review all applications and assist in developing the projects. The partnership between Binance and Orbs will provide benefits for future participants.
Partners
growth-positive
This blockchain co-founder looks 'for the doers' - here's why
The article mentions Netta Korin, the founder of Hexa Foundation, and discusses the Pioneers of Change Summit and blockchain. It is a growth-positive impact on the company. The key theme of the article is the involvement of Hexa Foundation in the Pioneers of Change Summit. The key issues discussed in the article are related to partners. The date of the event described in the article is not mentioned. The confidence level of the answer is 8.
Partners
growth-positive
Israeli Blockchain Firm Orbs Launches Stay at Home Challenge App for People's Safety
Israeli blockchain startup Orbs has launched a new app called Stay at Home Challenge to promote self-quarantine during the coronavirus pandemic. The app tracks users movements and notifies them when they leave their designated home area. It also gamifies the concept of self-quarantine, allowing users to share their progress with friends and family. Orbs assures that the app does not collect any personal data. The app is currently available on Google Play and will soon be available for iOS users. This initiative is part of Orbs efforts to help people during these challenging times.
Customers
growth-positive
For Quick Wins, Focus on Decentralization Within Existing Businesses
The article discusses the need for blockchain startups to focus on improving existing businesses using decentralization rather than trying to replace them. It highlights that enterprise blockchain has been focused on private blockchains, which limit the potential of blockchain technology. The author suggests that startups should develop decentralized features that can be integrated into centralized products, such as decentralized logins or blockchain-based notaries. By doing so, startups can provide value-adds that mainstream businesses want but cant invest in themselves. This approach will transform the way blockchain technology is built and allow for easier adoption by enterprise companies in the future.
Expand
| Sector | Business Software |
Funding
| Total funding | Undisclosed |
| Last funding | Undisclosed |
| Stage | Seed |
| Rounds | 1 |
| Investors | 1 |
Team Members
6
Employees: 51-200
Web & Social Links
| Website | www.orbs.com |
Locations
Rav Aluf David Elazar Street 15, Tel Aviv-Yafo, Israel
1535 Mission St, San Francisco, CA, USA
Gangnam-daero, Gangnam-gu, Seoul, South Korea
Central Business District Singapore
Photos & Videos
7 item(s)
Orbs Business
Business models
B2B, B2B2C
Product stage
Released
Employees
51-200
Sector
Business SoftwareIT, R&D & Data SolutionsData ArchitectureTarget Customer
—Core Technology
Data StorageDLT & BlockchainCryptographyTags (6)
data-storageenterprise-solutionsblockchainsoftware-applicationsinfrastructure-as-a-servicecryptographyGeographic Markets
GlobalOrbs Financials
Undisclosed
Total funding
Undisclosed
Capital raised
Undisclosed
Last funding
Seed
Funding stage
1
Total rounds
1
Investors
Cumulative Funding Raised Over Time ($)
—Dec 2018
Private Equity Funding
Undisclosed Round
Dec 2018
Undisclosed
Kakao Investment
Non-Equity Funding
ICOEvent
Jun 2018
$111M
Orbs Lifecycle
Cumulative Funding Raised Over Time
—Dec 2018
All Events
Undisclosed Round
Dec 2018
Undisclosed
Kakao Investment
ICOEvent
Jun 2018
$111M
Orbs News
13 articles
growth-positive
Orbs Featured on Staking Rewards
Staking Rewards has added the ORBS token to their platform, resulting in a growth-positive impact on the company. The key theme of the article is the addition of the ORBS token to Staking Rewards. The article discusses topics such as staking, the platform, the Orbs Staking Rewards page, and the ORBS token. No specific customers or valuation amounts are mentioned in the article. The event described in the article does not have a specific date. Confidence: 8
Partners
growth-positive
Binance Partners With Orbs Blockchain to Launch a DeFi Accelerator
Binance has partnered with Orbs to sponsor a DeFi accelerator program. The program aims to support research, development, and community engagement in the decentralized finance field. Participants will receive mentorship, funding opportunities, and market exposure. Binance also offers special consideration for participants who apply to its seed fund for Bridging DeFi and CeFi. The accelerator will review all applications and assist in developing the projects. The partnership between Binance and Orbs will provide benefits for future participants.
Partners
growth-positive
This blockchain co-founder looks 'for the doers' - here's why
The article mentions Netta Korin, the founder of Hexa Foundation, and discusses the Pioneers of Change Summit and blockchain. It is a growth-positive impact on the company. The key theme of the article is the involvement of Hexa Foundation in the Pioneers of Change Summit. The key issues discussed in the article are related to partners. The date of the event described in the article is not mentioned. The confidence level of the answer is 8.
Partners
growth-positive
Israeli Blockchain Firm Orbs Launches Stay at Home Challenge App for People's Safety
Israeli blockchain startup Orbs has launched a new app called Stay at Home Challenge to promote self-quarantine during the coronavirus pandemic. The app tracks users movements and notifies them when they leave their designated home area. It also gamifies the concept of self-quarantine, allowing users to share their progress with friends and family. Orbs assures that the app does not collect any personal data. The app is currently available on Google Play and will soon be available for iOS users. This initiative is part of Orbs efforts to help people during these challenging times.
Customers
growth-positive
For Quick Wins, Focus on Decentralization Within Existing Businesses
The article discusses the need for blockchain startups to focus on improving existing businesses using decentralization rather than trying to replace them. It highlights that enterprise blockchain has been focused on private blockchains, which limit the potential of blockchain technology. The author suggests that startups should develop decentralized features that can be integrated into centralized products, such as decentralized logins or blockchain-based notaries. By doing so, startups can provide value-adds that mainstream businesses want but cant invest in themselves. This approach will transform the way blockchain technology is built and allow for easier adoption by enterprise companies in the future.
Expand
growth-positive
Trump Administration in Talks With Crypto Startup on Israeli-Palestinian Peace Plans
The Trump administration has chosen Israeli crypto startup Orbs to develop blockchain solutions for the region’s political conflicts. The announcement was made during a summit convened by the White House in Bahrain to discuss the Israeli–Palestinian conflict. Orbs cofounder Netta Korin stated that her team has been working with the U.S. Administration and the State Department on several projects. The White House is aiming to put $50 billion behind its Peace to Prosperity plan. Korin believes that blockchain technology has the potential to solve some of the problems governments are facing in an efficient and transparent manner.
Partners
growth-positive
IBM, Orbs, ConsenSys Work Together On Global Blockchain Settlement Platform For Telecoms
The ITW Global Leaders’ Forum (GLF) has announced the launch of a blockchain-based platform called the Communications Blockchain Network (CBN). The CBN aims to revolutionize the ICT Service Provider industry’s commercial settlement infrastructure and has the potential to be worth billions to the global industry. The platform will be governed by a collaborative, industry-wide framework and has the support of 11 carriers, including A1 Telekom Austria, China Telecom Global, and Deutsche Telekom Global Carrier. The GLF is partnering with technology providers such as IBM, Orbs, and ConsenSys to develop the reference architecture and create an open, interoperable ecosystem. The CBN will use a mixture of permissioned and permissionless blockchains to automate settlement processes and improve security. The objective is to avoid fragmentation and accelerate the adoption of automated settlement applications.
Partners
growth-positive
Orbs launches enterprise-ready open-source blockchain network - SiliconANGLE
Orbs has launched an enterprise-ready open-source blockchain network, providing a production-ready environment for businesses to create solutions on decentralized networks. The companys approach to blockchain technology addresses issues with performance and interoperability while allowing for highly distributed environments. The environment includes a full stack of tools for developers and businesses to create their own blockchain solutions and applications. Orbs aims to open up the large enterprise segment of the blockchain market. The global blockchain market is expected to grow from $1.2 billion in 2018 to an estimated $23.3 billion in 2023. The Orbs network, code, technology, and blockchain infrastructure are now generally available and all of the code has been released on GitHub.
PartnersExpand
growth-positive
Kakao makes its first blockchain investment with Orbs deal
Kakao, the Asian mobile messaging firm, has made an investment in Orbs, an Israeli blockchain startup. The investment comes from Kakao Investment, the venture arm of the South Korean internet conglomerate. Orbs is building a universal blockchain productivity layer and already has a partnership with Kakaos blockchain subsidiary Ground X. The investment will focus on helping Orbs with the development and growth of its protocol. Orbs plans to go live with its production-ready environment in early 2019. Kakao Investment is known for its focus on the blockchain sector and sees Orbs as an innovative company with unique technological capabilities.
Investment
Orbs raises $118 million to fund development of blockchain platform for large-scale consumer apps
growth-positive
Orbs raises $118 million to fund development of blockchain platform for large-scale consumer applications
Orbs, a blockchain platform for large-scale consumer applications, has raised over $118 million to fund the development and launch of its platform. The goal of Orbs is to commoditize blockchain infrastructure for consumer applications and make the transition to blockchain easier. The platform is designed for large-scale consumer applications and is inspired by well-established infrastructure solutions like Amazon Web Services. Orbs has released a position paper and a white paper outlining its technology and strategy. The company has recruited over 60 employees and has design partners including Kik, Zinc, Endor, PumaPay, and Zooz. An alpha version for design partners will be launched in June for testing.
Investment
growth-positive
https://www.jpost.com/Blogs/Oleh-Chadash-Chadash/Top-25-Israeli-Influencers-In-Blockchain-Technologies-And-Cryptocurrencies-520077
The article discusses the rise of blockchain technology in Israel, highlighting the countrys reputation as a start-up nation. It lists 25 influential figures in the Israeli cryptocurrency and blockchain industry, including the co-founders of Bancor, which raised $153m worth of ether in a token sale, and the founder of Sirin Labs, which developed the first open-source blockchain smartphone. The article also mentions the CEOs of CoinTree, a cryptocurrency venture capitalist group, and Simplex, which provides a fraud-free platform for selling Bitcoins via credit card.
CustomersPartnersInvestment
growth-positive
Orbs, a Startup Offering Blockchain as a Service, Has Raised Around $106 Million, Executive Says
Israeli startup Orbs Ltd. has raised $106 million in funding from unnamed customers and strategic partners, bringing them 80% of the way towards their goal of $133 million. Orbs aims to build customized blockchain infrastructure for companies, similar to Amazon Web Services. Their largest client is Kik, a messaging app developer, for whom Orbs is developing a tailor-made blockchain network for their cryptocurrency. Other customers include Sirin Labs, Endor Software Ltd., and four other unnamed companies. Orbs builds blockchain according to the specific needs of their clients, and they believe Ethereum is not suitable for large-scale consumer applications.
Customers
Orbs Team
Employee Info
| Employees (range) | 51-200 |
| Exact count | 61 |
| Team members | 6 |
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Orbs Internal
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Admin Info
| Confidence | 101/100 |
| Missing | markets |
| BI Verification | Jenny Sotnik-Talisman |
| Registrar ID | 515659050 |
| Crunchbase | orbs |
| Creator | May Nechushtan |
| Creator email | may@monetavc.com |
| Last updater | Paul Weisko |
| Updater email | pweisko@gmail.com |
| Last update | 2021-04-04T00:00:00.000Z |
| Created | 2017-12-28T00:00:00.000Z |
| Claimed | Yes |