StarkWare Industries Overview
StarkWare Industries is commercializing a new cryptographic zero-knowledge proof system to solve the scalability bottleneck of blockchains. StarkWare has developed STARK, its zero-knowledge proof protocol, and aims to improve scalability and privacy in blockchains using this technology. The company will provide cryptographic proofs that are zero-knowledge, succinct, transparent (no need for a trusted setup), and post-quantum secure.
Cumulative Funding Raised Over Time ($)
Latest News
growth-positive
“As a co-inventor of the Cairo architecture and programming language, and the leader of the Starknet engineering group since its inception, Lior embodies the innovation, dedication, and excellence that are at the core of StarkWare’s DNA,” said Prof. Eli Ben Sasson, CEO and Co-Founder of StarkWare.
StarkWare, an Israeli company specializing in blockchain infrastructure, has appointed Lior Goldberg as its new Chief Technology Officer (CTO). The company, valued at $8 billion in 2022, is known for its scaling technology that supports mass adoption of crypto and blockchain. StarkWare has developed significant infrastructure for Ethereum and is working on similar projects for Bitcoin. The company has over 200 employees and is actively recruiting. Goldberg, a co-inventor of the Cairo programming language and leader of the Starknet engineering team, has been with StarkWare since its early days. His appointment reflects the companys commitment to internal talent development and growth.
Management ChangesExpand
growth-positive
StarkWare quadruples valuation to $8B in 6 months, closing round in choppy market
StarkWare Industries, a blockchain infrastructure provider, has raised $100 million in a Series D funding round at a valuation of $8 billion. This funding comes amid a crypto market downturn and highlights investor confidence in the need for blockchain infrastructure improvements. The round was led by Greenoaks Capital and Coatue, with participation from Tiger Global and undisclosed investors. StarkWare aims to provide scaling and security solutions for Ethereum-based products through its STARK mathematical systems. The company has raised a total of $260 million to date and plans to use the funds to expand its operations. STARK technology reduces fees and speeds up transactions on the Ethereum blockchain.
Investment
growth-positive
StarkWare set to hit $6 billion valuation in new funding round CTech
StarkWare, an Israeli blockchain company, is raising a new funding round at a $6 billion valuation. The company previously raised $50 million at a $2 billion valuation. The funding round is expected to be at least $100 million. StarkWare aims to use zero-knowledge proof to solve blockchain problems and has developed a highly-efficient method for blockchain-based computation. They plan to deploy the StarkNet platform, which will allow anyone to build blockchain apps using their technology. The companys shareholders include Amnon Shashua, Technion, Coinbase, Intel Capital, Altshuler Shaham, and Vitalik Buterin, co-founder of Ethereum.
Investment
growth-positive
Sequoia backs blockchain scaling startup StarkWare at $2 billion valuation
StarkWare, an Ethereum scaling solution provider, has raised $50 million in a Series C funding round led by Sequoia Capital. This latest funding round values the Israeli startup at $2 billion. StarkWares solution, called StarkNet, is a zero-knowledge rollup that offloads computational stresses from the Ethereum network while still writing transaction data to the main network. The company has attracted customers like ConsenSys, Immutable, dYdX, and Sorare. The funding indicates growing investor interest in infrastructure startups aiming to help Ethereum scale. StarkWare is preparing for the deployment of its StarkNet L2 solution on the Ethereum mainnet later this month.
Investment
growth-positive
"אנחנו מורידים את החישובים מהבלוקציין אל הענן, ומוזילים את עלות החישוב" כלכליסט
StarkWare, a blockchain technology company, is working on moving computations from the blockchain to the cloud, thus reducing the cost of computation. The companys CEO, Uri Kolodny, spoke at the Fintech 2021 conference, explaining how their systems aim to solve the two main issues in the blockchain world: throughput and scalability. StarkWares technology allows for dramatic improvements in the system, enabling a 20,000-fold improvement compared to the existing situation. The company, founded in 2018, has been serving customers since June of the previous year and continues to build infrastructure for the coming years.
CustomersExpand
| Sector | Fintech & Insurtech |
Funding
| Total funding | $261M |
| Last funding | $100M |
| Stage | D |
| Rounds | 6 |
| Investors | 30 |
Team Members
7
Employees: 201-500
Web & Social Links
| Website | starkware.co |
| Careers | Careers page |
Locations
HaMelacha Street 32, Netanya, Israel
Photos & Videos
1 item(s)
