Sodot

Company Overview

Snapshot

Founded in March 2023 by Ido Sofer, Elichai Turkel, and Shalev Keren, Sodot operates with 11–50 employees. The company has raised $3M across one funding round from three investors, with Entrée Capital as a lead investor. Sodot was acquired by MoonPay in April 2026.

Business overview

Sodot provides Multi-Party Computation (MPC) infrastructure designed for crypto custody and wallet providers. Its core technology enables these entities to generate and manage private keys on-premise, enhancing the security and user experience of their products while maintaining full control. The company operates within the cyber security sector, serving the digital wallet and blockchain industries with a focus on privacy protection and cryptography.

Strategic signal

Sodot's acquisition by MoonPay in April 2026 signals a strategic move to integrate its encryption technology into MoonPay's institutional offerings. This development highlights the increasing demand for robust MPC infrastructure within the cryptocurrency ecosystem and validates Sodot's specialized expertise in securing digital assets for institutional clients.

Company Intelligence Q&A

When was Sodot founded and by whom?

Sodot was founded in March 2023 by Ido Sofer, Elichai Turkel, and Shalev Keren.

What is Sodot's primary focus?

Sodot specializes in providing MPC (Multi Party Computation) infrastructure for crypto custodians and wallet providers, enabling secure on-premise private key generation and management.

What was a significant corporate event for Sodot in April 2026?

In April 2026, Sodot was acquired by MoonPay. Its encryption technology is set to power MoonPay's new institutional offering.

How much capital has Sodot raised?

Sodot has raised a total of $3M across one funding round.

Which investors participated in Sodot's funding round?

In October 2023, Sodot received funding from investors including Entrée Capital and DCG Expeditions.